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Blanca
Blanca, 61, is a widow and has three children whose ages range from 30 to 33 years. She lives in the south part of the city where she makes clothes and also has a fast food business. She’s been making children’s outfits and multiple-use garments for the last 10 years with fabric and thread on two simple machines and with hand tools. She learned the art of sewing on her own but managed to perfect it through courses that allowed her to set up her own business, work that her children who are upstanding, working people, feel very proud of her for. Blanca also carries out another activity which is the sale of fast food, a business that operates in the morning and that only takes up two hours a day. Her businesses helped her get through the mourning period when her husband died which was the greatest challenge she’s had to face in life.

Her Kiva loan is the third loan she’s had with Fundación Mario Santo Domingo. She will use it to buy materials to make the clothing she has on order and to buy flour, cheese and cured meats to prepare the snacks which she sells both for cash and on credit.

Previous loans have made it possible for her to improve her infrastructure and to have working capital available to pay cash for her purchases which led to discounts that increased her profits. Her goal is to finish fixing up her house and to continue to support her children and grandchildren who are her greatest source of happiness.

Blanca’s business operates with a gross income of 35%, a 3 to 1 liquidity ratio; an 18 day accounts receivable rotation and a 100% capacity to pay – all financial indicators that we can use to predict greater growth.
View original language description ↓

Blanca de 61 años de edad, es viuda, tiene 3 hijos en las edades de 30 a 33 años y vive al sur de la ciudad, donde se dedica a la elaboración de prendas de vestir y también tiene un negocio de comidas rápidas. Desde hace 10 años se dedica a la confección de conjuntos infantiles y multiusos que fabrica con telas, hilos, en dos máquinas sencillas y con herramientas manuales. El arte de la costura lo aprendió por sí sola, pero logró perfeccionarlo con capacitaciones que le posibilitaron el montaje de su negocio, actividad de la cual sus hijos, personas trabajadoras y de bien, se sienten muy orgullosos de ella. Blanca también desarrolla otra actividad complementaria y es la venta de comidas rápidas, negocio que funciona en las horas de la mañana y en el que emplea solo dos horas diarias. Sus negocios la ayudaron a elaborar su duelo una vez falleció su esposo, situación que ha sido el desafío más grande en su vida. Su credikiva es el tercer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará materiales para la confección de ropa encargada y harina, queso, embutidos para la preparación de picadas que también vende a crédito y de contado. Con sus créditos anteriores ha logrado mejorar su infraestructura y tener un capital de trabajo disponible para realizar sus compras de contado, con las cuales ha obtenido descuentos e incrementado sus utilidades. Su meta es terminar de arreglar su casa y continuar apoyando siempre a sus hijos y nietos que son su mayor felicidad. El negocio de Blanca maneja un margen de contribución del 35%, una liquidez de 3 a 1, una rotación de cuentas por cobrar de 18 días y una capacidad de pago del 100%, indicadores financieros desde los cuales auguramos un mayor crecimiento.

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
  • 182
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,792.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Blanca to buy fabric to make clothes and flour, cheese and cured meats to make snacks.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 5, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012