Check out some available loans that are similar to this one!
Cleotilde
Cleotilde is 41, lives with her husband, and has 3 children ages 12 to 23. They live in the San Jacinto municipality in Bolívar department, an area where fabric is woven on vertical looms, from which hammocks, knapsacks and sandals are made. This skill is handed down from generation to generation, and learned from an early age, mainly by women.

This is precisely the work in which Cleotide has found a way of generating income, and meeting her household expenses. She makes and sells a variety of handicrafts, and materials that are mainly bought by the artisans of San Jacinto. They use these to make the finest and most-renowned hand-crafted products in the Columbian Caribbean; the ones that impress tourists from other countries when they travel that route on their way to the beautiful and historic city of Cartagena de Indias.

Cleotilde's entrepreneurial experience began with making traditional cookies called almojábanas. This went very well, but she had to give it up, because of the negative effect this work had on her health. This was how she started her business of making hammocks; a trade that she already knew. Gradually she started selling them. At the same time she began selling materials and supplies, so that the artisans of her town could get what they needed for their production at her store.

Cleotilde has been associated with Fundación Mario Santo Domingo for 3 years, and has received 6 loans from the organization. With these, she has managed to increase her working capital, and to buy a display case, an electronic scale, and an electric thread winder. Her income has allowed her to improve her housing conditions.

Her goal is to continue expanding her business, adding more machines to do better finishing work on the bags she makes. She also wants to offer a university education to her youngest son, for whom she is responsible. Her greatest challenge is meeting customer demand, since even though her working capital increases daily, it is becoming insufficient.

This is why she is coming to her Credikiva for her seventh loan from Fundación Marion Santo Domingo. She will use the loan to buy materials to fill orders for bags, knapsacks and hammocks in a timely way.

Her experience in this business is her greatest strength; this and her good management of her obligations, as well as her long association with the Fundación, are the reasons for her success, and what has enabled her to increase her income.
View original language description ↓
Cleotilde de 41 años de edad, vive con su esposo y tiene 3 hijos en las edades de 12 a 23 años, en el municipio de San Jacinto en el departamento de Bolívar, tierra de tejidos verticales con los que fabrican hamacas, mochilas, sandalias y otras artesanías, actividades transmitidas de generación en generación, aprendidas principalmente por mujeres desde tempranas edades. Esta es justamente la tarea en la que Cleotilde ha encontrado una forma de generar ingresos, para apoyar la gestión de su hogar, pues fabrica y vende artesanías variadas y materiales que compran principalmente artesanas de San Jacinto, para con sus manos elaborar los más hermosos y reconocidos productos en el Caribe Colombiano, que impactan a los turistas de otros países cuando transitan esa vía, al ser conducidos a la bella e histórica ciudad de Cartagena de Indias. La experiencia emprendedora de Cleotilde inició con la fabricación de galletas tradicionales llamadas almojábanas, donde le fue muy bien, pero debió abandonarlas por los efectos negativos, que la actividad causó en su salud; así fue como inició el negocio de producción de hamacas, oficio que ya conocía y gradualmente fue adicionando su comercialización, simultánea a la venta de materiales e insumos, para que las artesanas de su pueblo consiguieran en su punto comercial lo que necesitaban para ejercer su actividad productiva. Cleotilde tiene tres años de estar vinculada a la Fundación Mario Santo Domingo, organización de la cual ha recibido 6 créditos con los cuales ha logrado incrementar su capital de trabajo, comprar vitrinas, un peso electrónico un devanadora de hilo eléctrica y sus ingresos han generado el mejoramiento de las condiciones habitacionales de su vivienda. Su meta es continuar la expansión de su negocio adicionar maquinarias para realizar mejores acabados a los bolsos que fabrica y brindarle a su hijo menor, a su cargo, educación universitaria. Su mayor desafío es responderle a su clientela pues como todos los días crece su capital de trabajo aún se torna insuficiente, esta es la razón por la cual acude a su credikiva, séptimo financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materiales para responder oportunamente a pedido de bolsos, mochilas y hamacas; su experiencia en la actividad es su mayor fortaleza y su éxito radica en ello y especialmente en el buen manejo de sus obligaciones y su permanencia con la Fundación organización con la que ha logrado incrementar sus ingresos.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,496,050
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Cleotilde to buy materials to fill orders for bags, knapsacks and hammocks in a timely way.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012