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Flor
Flor, 53, lives in Arjona near the city of Cartagena de Indias. She has six children ranging in age from 22 to 33 years. She’s been engaged in commerce there for the last two years when she started her shoe making business making sandals on an antique, simple sewing machine someone gave her. When this machine broke down and she sent it to be repaired the technician, with no explanation whatsoever, kept it and never returned it to her. Even so, Flor insisted in finding ways to earn household income and with much effort she bought an industrial sewing machine and used it to accomplish her production. She makes very good footwear and she’s excited about the growth of her business. Her goal is to manufacture large purses and to position her products in a commercial locale which will improve her income by concentrating her market and because of the positioning she’ll have.

Her greatest challenge is attaining sufficient working capital to invest and increase production and this is why she’s calling upon a Kiva loan, first financing she’s gotten from Fundación Mario Santo Domingo, that she’ll use to buy shoe making supplies like: leather, soles, glue, lining, straps, accessories, shoe trees and a display case to arrange her products. While she works toward reaching these goals, she produces a profit margin over sales of no less than 42.4% from which we can predict success in the investment.
View original language description ↓
Flor de 53 años de edad vive en Arjona, cerca a la ciudad de Cartagena de Indias, tiene 6 hijos en las edades de 22 a 30 años y desde allí se dedica a la actividad comercial desde hace 2 años, cuando inició su negocio de producir calzado, con una antigua máquina sencilla que le regalaron, con la cual fabricó sandalias; cuando esta máquina se le dañó la mandó a reparar y el técnico se quedó con ella sin explicación alguna y nunca la devolvió. Aun así Flor insistió en buscar ingresos para su hogar y con mucho esfuerzo, compró a crédito una maquina industrial y con ella incentivó su producción, produce muy buen calzado y está entusiasmada en el crecimiento de su negocio, su meta es lograr fabricar bolsos de gran tamaño y ubicar sus productos en un local comercial, con lo cual mejoraría sus ingresos por la concentración de su mercado y el posicionamiento que tendría. Su mayor desafío es lograr capital de trabajo para invertir y aumentar su producción y esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a ala Fundación Mario Santo Domingo con el cual comprará: materiales para fabricar calzado, como cueros suelas, goma forros, miñones, accesorios hormas y una vitrina para ordenar su producción. Mientras trabaja para conseguir alcanzar sus metas, produce una rentabilidad sobre las ventas no menor del 42,4%, desde la cual auguramos su éxito en la inversión.

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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Flor to buy shoe making supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 10, 2011
Listed
Sep 11, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013