Check out other loans that are currently fundraising!
Luz Marina
Luz Marina, 45, lives in the town of Soledad with her spouse and three children whose ages range from 11 to 15 years. She is a seamstress; she has 15 years’ experience since she’s been working independently since she got married and she decided to work at something that produced income while leaving her free to care for her home. This was how she started out with a simple sewing machine and has gradually been improving the infrastructure until today when she has three machines that she can use to make dresses, sweatshirts, pants, bed covers and everything else her creativity inspires. Her main clientele is located in the community where she lives and she also negotiates with schools to make their sports uniforms.

Her goal for later on is to equip her home to set up a commercial sales point there to display her products. Her greatest challenge is to have a selection of all her designs and enough accessories to decorate her articles of clothing because, in face of her growing clientele, her working capital becomes insufficient. This is the reason why she’s calling on a Kiva loan, her first financing from Fundación Mario Santo Domingo that she’ll use to buy materials to make women’s dresses, sweatshirts and pants and to buy an overlock sewing machine that will make perfect finishings to her items possible. While this occurs, Luz Marina strives to maintain a profit level of no less than 20% which she hopes to increase with injections of working capital like the one she’s starting now.
View original language description ↓
Luz Marina de 45 años vive en el municipio de Soledad con su cónyuge y sus 3 hijos en las edades de 11 a 15 años y se dedica al oficio de las confecciones, actividad en el cual tiene 15 años de experiencia, pues desde que se casó decidió dedicarse a desarrollar un trabajo en forma independiente, que le permitiera al mismo tiempo atender su hogar y generar ingresos para apoyar la gestión de su familia. Así fue como inició con una maquina sencilla y gradualmente ha ido incrementando su infraestructura, hasta lograr hoy tener 3 maquinarias, con las cuales produce vestidos, sudaderas, pantalones, cubre lechos y todo lo que su creatividad le inspire. Sus principales clientes están ubicados en la comunidad donde vive y también negocia con colegios a los cuales les confecciona uniformes deportivos. Su meta más adelante, es adecuar un espacio de su vivienda, para ubicar un punto comercial donde exhibir sus productos. Su mayor desafío es contar con un surtido de todos sus diseños y tener suficientes accesorios para adornar sus prendas de vestir, porque ante su creciente clientela, su capital de trabajo se torna insuficiente y 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 materiales para la fabricación de vestidos femeninos, sudaderas, pantalones y para la compra de una máquina recubridora, con la cual dará a sus prendas un acabado perfecto. Mientras esto ocurre Luz Marina se esmera en lograr una rentabilidad no menor del 20%, que sueña con incrementar con las inyecciones de capital de trabajo con las que ahora inicia.

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
  • 361
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Luz Marina to buy sewing supplies and a sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 29, 2011
Listed
Aug 19, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012