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Victoria
Victoria, 29, lives in the city of Cartagena de Indias with her husband and three children whose ages range from 5 to 10 years. From there she works making clothing in all styles, a business she started taking advantage of the infrastructure and experience that her mother had left behind when she stopped working in 2006. She decided to start her own adventure in business to contribute to family income. Today, she has three sewing machines, an overlock machine and a special machine used to attach collars.

Victoria is very enthusiastic about her business that has allowed her to grow and she wants to continue to grow but her main challenge is the insufficient working capital she has to respond to growing clientele which hears about her daily and thus increases the level of need to be responsive to demand.

This is the reason why she’s calling upon a Kiva loan, the first financing she’s had from Fundación Mario Santo Domingo, that she’ll use to buy raw materials like fabric, thread and decorations to manufacture gowns for weddings, first communions, and graduation because the season of increased commercial activity is approaching due to the impending second semester festivities and she has to be prepared for it.
View original language description ↓
Victoria de 29 años de edad vive en la ciudad de Cartagena de Indias con su esposo y sus tres hijos en las edades de 5 a 10 años respectivamente. Desde allí se dedica a confeccionar ropa en todas las líneas, negocio que inició aprovechando la infraestructura y la experiencia de su madre y cuando ésta dejó de producir en el año 2006, tomó la decisión de emprender su propia aventura de negocio, para apoyar el ingreso familiar. Hoy cuenta con 3 maquinas de confeccionar, 1 fileteadora y una máquina collarín. Victoria en su negocio despliega gran entusiasmo, que le ha permitido crecer y quiere aun continuar con su crecimiento, pero su principal desafío es el insuficiente capital de trabajo con el que cuenta, para responder a una creciente clientela, que la reconoce cada día mas y así mismo aumenta su nivel de exigencias en el tema de ser oportuna. 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 materias primas como telas, hilos, adornos, para confeccionar vestidos de novia, primeras comuniones y grados, pues se acercan épocas de gran despliegue comercial, por efecto de las fiestas del segundo semestre que se acercan y debe estar preparada para ello.

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
  • 141
    View loans »
    Colombia Loans Fundraising
  • $12,790,500
    Funds lent in using Kiva
  • 1,782.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Victoria to buy raw materials like fabric, thread and decorations to make gowns for weddings, first communions and graduation.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2011
Listed
Sep 11, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012