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Clara Nelly
Clara lives in Bogotá, Colombia’s beautiful capital, with her two children, 7 and 18 years old. She works in ornamentation, metallurgy, and manufactures railings, doors, windows, banisters, and ornamentation, a business she has had for more than 3 years. Her greatest challenge has been changing her location several times, while continuing to maintain contact and an image with her customer base. Her business has grown slowly, and has enjoyed the financial support of the Mario Santo Domingo Foundation, since 2005, when she began her business with her former crafts activities, with which she connected with that organization. Her goal is to have a supply of finished goods, to exhibit and publicize them in the market. But to achieve this goal, her working capital is inadequate, and this is precisely the reason for which she comes to credikiva, second financing made to the Mario Santo Domingo Foundation, with which she will buy raw materials and supplies to handle the ornamentation jobs commissioned, and with which she plans to decrease her costs, through discounts by paying in cash and buying larger volumes from her suppliers, and this will mean a successful investment.
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Clara vive en Bogotá, la linda capital de Colombia con sus dos hijos en las edades de 7 y 18 años. Allí se dedica a la ornamentación, metalúrgica y fabrica rejas, puertas, ventanas, portones barandas y en general trabajos de ornamentación, negocio en el cual lleva más de 3 años. Su mayor desafío ha sido el cambiarse de local varias veces y continuar manejando una conexión e imagen con su clientela. Poco a poco su negocio ha crecido y ha sido apoyado con financiamiento de la Fundación Mario Santo Domingo, desde el año 2005 cuando inició su experiencia de negocio con su antigua actividad de manualidades, con la cual se vinculó a esta organización. Su meta es tener un stock de productos terminados, para exhibirlos y darlos a conocer en el mercado, pero para lograr esta meta su capital de trabajo resulta insuficiente y esta es justamente la razón por la cual acude a su credikiva, segundo financiamiento que hace a la Fundación Mario Santo Domingo con el cual comprará materias primas e insumos para responder a trabajos de ornamentación que tiene encargados y con los cuales planea disminuir sus costos, por la descuentos en compras de contado y en mayor volumen a sus proveedores y de allí resulta una exitosa 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
  • 364
    View loans »
    Colombia Loans Fundraising
  • $14,082,900
    Funds lent in using Kiva
  • 1,794.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Clara Nelly buy raw materials and supplies to handle ornamentation jobs.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Oct 1, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012