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Yenis Maria
Yenis is 46 years old, has a nine year old son, and lives in the town of San Jacinto, located in the department of Bolivar. It is very well known for its vertical weaving that the women pass from generation to generation. Everyone learns the thousand year old techniques as a child and they are the most complex and elaborate expression of craftsmanship.

This is the work that Yenis has always done, making bags and other crafts. She also sells the materials to do weaving, and has a small pharmacy. Initially, she only sold medicines and wove as a hobby, but later she turned her business towards selling crafts because she could take advantage of her store and it generated more income and also served women who needed materials for their handiwork. She did this without stopping the sales of her conventional medicines.

Yenis has received four loans from the Fundación Mario Santo Domingo, and this Kiva loan is her fifth. With this loan, she will purchase a larger amount of materials for sale, and to make her bags and for more medicines in her pharmacy. With the good management of her loans during her five years with this organization, Yenis has improved her life and the life of her son, and for this reason, she wants to continue with the goal of growing her business. She has already purchased display cases and organized her store, and now has much more business. This makes her very happy, because she has new working capital that well invested will generate a return on sales of no less than 11%.
View original language description ↓
Yenis de 46 años tiene un hijo en la edad de 9 años y vive en el municipio de San Jacinto, lugar ubicado en el departamento de Bolívar y muy conocido por el tejido vertical que en manos de las mujeres lo transmiten de generación en generación, con las técnicas milenarias que aprenden que cada una aprende desde la edad infantil y constituyen, la expresión más compleja y más elaborada de la estética artesanal. Esta es justamente la actividad que siempre ha tenido Yenis, pues elabora mochilas y otras artesanías, actividad combinada con la de venta de insumos para la fabricación de las mismas, además de una comercial que es una pequeña droguería. Al principio solo vendía medicinas y sus tejidos los practicaba por hobby, posteriormente, le dio a su negocio un giro enfatizado más hacia artesanías, porque aprovechó su punto comercial y la actividad que mas le generaba ingresos, y que también serviría a mujeres que necesitaban insumos para su manualidad, eso sí, sin dejar de practicar la de comercializar de medicamentos alopáticos de libre consumo.
Yenis ha recibido 4 financiamientos de la Fundación Mario Santo Domingo, su credikiva es el quinto y con él comprará en mayor volumen, insumos para la venta y para la elaboración de sus mochilas y medicamentos de mayor rotación en su droguería. Pues con el buen manejo de sus créditos durante 5 años con esta organización, Yenis ha salido adelante con su hijo y por eso quiere continuar con su meta de crecimiento de su negocio, pues ya ha comprado vitrinas y organizado su punto comercial y ahora surtirá mucho más su negocio y esto la hace muy feliz, porque tiene un nuevo capital de trabajo, que bien invertido le genera una rentabilidad sobre las ventas no menor del 11%.

Additional Information

About Fundación Mario Santo Domingo

Fundación Mario Santo Domingo (FMSD) is a non-profit organization in northern Colombia dedicated to developing programs for the country’s poorest communities. In addition to numerous social services, FMSD runs a microfinance program to strengthen micro-businesses in the areas where it works. The organization also offers several non-financial components as part of this program, including training to help entrepreneurs start their own businesses.

About Colombia

  • $6,070
    Average annual income
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Yenis Maria to purchase a larger amount of materials for sale, to make her bags, and purchase medicines for her pharmacy.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Aug 7, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013