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Elizabeth Maria
Elizabeth is 55 years old and lives with her husband and 14-year-old son, who serve as her primary motivation in life. Twenty years ago, she arrived in Cartagena de Indias from the city of Amurallada in search of a better future. Elizabeth wanted so much to study in order to become a professional, but she had difficulty gaining admission into the university. Her friends recommended that she learn how to sew and now she says that she is happy that she made that decision. Elizabeth has excelled because the experience she has gained as an independent entrepreneur allows her to generate her own income for covering the household expenses. At the moment, Elizabeth also sells a variety of merchandise through specialized catalogs. For this reason, she is applying for a Kiva loan.


This is her first form of financing through Fundación Mario Santo Domingo. Elizabeth will buy raw materials, such as fabrics and accessories, as well as products that have been ordered by her customers. The month of love and friendship (the Colombian equivalent to Valentine’s Day) is approaching and will bring an increase in her sales. Her goal is to acquire more capital and secure more places to display her products so that her business, “Confecciones María José”, can grow. This will be her greatest challenge.

View original language description ↓

Elizabeth de 55 años vive con su cónyuge y su hijo de 14 años principal motor de su vida. Hace 20 años llegó desde hace 20 años a la Ciudad amurallada: Cartagena de Indias, en busca de un mejor futuro, especialmente con muchos deseos de estudiar ser una profesional, pero como fue difícil ingresar a la universidad, sus amigos le recomendaron capacitarse en confecciones y hoy felizmente puede decir que con su decisión de superarse ha logrado su experiencia emprendedora e independiente y la generación de ingresos autónomos para atender los gastos de su hogar. En la actualidad Elizabeth está vendiendo también mercancía variada, mediante guías especializadas de productos y aplicando a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas como telas y accesorios, así como también mercancías que han solicitado sus clientes, a propósito del mes del amor y la amistad que trae consigo el incremento de sus ventas. Su meta es capitalizarse y lograr puntos de exhibición de sus productos, para el crecimiento de “Confecciones María José” y este es justamente su gran desafío.

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
  • 281
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Elizabeth Maria to purchase materials and accessories for sewing as well as products that have been ordered by her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Sep 6, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012