Check out some available loans that are similar to this one!
Mabel
Mabel is 42 years old and she lives with her 12-year old son in the municipality of Soledad. She crafts all styles of clothing. Her primary market is the large wholesalers, offering them manufacturing services. A group of women who produce according to specifications and the products are destined for clothing, and general stores. Mabel started out her business in 2005 after having retired from her employment as a seamstress. She decided to take up her own business venture with a tailoring shop, set up in her house. With the help of 2 loans she bought second-hand sewing machines. She repaid the loans by producing jeans for those who sold her the machines. Her business has been increasing in infrastructure and today she has 7 sewing machines and 3 employees. During those seasons when there is an increase in sales she hires two other employees. Her dream is to separate her family living space from her business and production space in order to enjoy the peace she has wanted for so long. For this reason her long-term goal is to have a commercial store space where she will be able to exhibit and sell her designs. Her greatest challenge is approving clients who request long-term credit plans, as well as not having the capital funds hat she needs to complete finance her business. This is the reason why she requests a Kiva loan. It is the first loan she requests through Fundacion Mario Santo Domingo (Kiva Field Partner). With her loan she will purchase materials and sewing products to produce articles of clothing for clients who require longer term credit plans. Her clients live in the city of Barranquilla and Monteria and she needs to sustain this market, as it is already well-known to her and it is very profitable. As Mabel works to accomplish her dreams she strives to maintain a contribution margin of no less than 27% and a profit margin no less than 19%. She aspires to increase her profit margin with this new injection of funds to her working capital. She will be able to make her purchases in cash and in larger quantities than usual.
View original language description ↓
Mabel de 42 años vive con su hijo de 12 años en el municipio de Soledad donde se dedica a la confección de prendas de vestir en todas las líneas. Su principal mercado son los grandes confeccionistas a quienes les ofrece el servicio de maquila, mujeres a quienes les confecciona sobre sus medidas y almacenes y misceláneas. Mabel inició su negocio desde el año 2005, cuando después de haber trabajado en una confección, se retiró para emprender su propia aventura de negocios en un taller de confecciones, que ubicó en el sitio de su vivienda. Ella compró mediante 2 créditos las maquinarias de segunda mano, que pagó fabricando jeans, a quien se las vendió. Su negocio ha ido creciendo en su infraestructura y hoy tiene 7 máquinas, cuenta con 3 empleados y en temporadas en las que aumentan las ventas contrata dos más. Su sueño es independizar su espacio familiar del espacio productivo, para tener el tan anhelado sosiego, por eso su meta más adelante es tener un local con un punto comercial, donde pueda exhibir y vender los diseños que produce. Su mayor desafío es la selección de clientes que solicitan créditos a largo plazo y ella no tiene las condiciones de capital para financiar totalmente su cartera. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas e insumos de confección, para producir ropa a clientes que requieren plazos mayores, pues viven las ciudades de Barranquilla y Montería y necesita sostener este mercado, conocido y muy rentable. Mientras Mabel trabaja para cumplir su sueño se esmera en manejar su negocio sosteniendo un margen de contribución no menor del 27% y una rentabilidad no inferior al 19%, que aspira a incrementar con su nueva inyección de capital de trabajo, porque sus compras la hará de contado y en mayor volumen que el ya acostumbrado

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
  • 251
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Mabel to purchase products and sewing materials to craft articles of clothing.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2011
Listed
Aug 15, 2011
Currency Exchange Loss:
Covered
Ended:
May 15, 2012