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Rosiris Margoth
Rosiris, 42, is a widow who lives in San Jacinto with her four children, ages six through 21. Three of them study and the eldest works. In a land where vertical weaving is an abundant craft, Rosiris earns a living making hammocks, bags and bands, which is a trade she learned as a family tradition. When she became a widow she began to focus more on the activity. During the day she makes hammocks and at night she makes bands to order earning 2,000 COP per band. She makes a minimum of three per night. They live in their own house close to her mother and two siblings. Her family is very supportive of Rosiris and ever since her husband passed away they have helped out raising the children. And thankfully there is one son who works and contributes to the household expenses.

This is her first credikiva loan through the Mario Santo Domingo Foundation and she plans to buy cotton yarn to increase production. She is very sure that the investment will be successful because she is perfectly familiar with the business and has had loan experience. She has always paid them back on time through her hammock production and she also has the support of her mother who helps her make the crafts.

Rosiris has received two loans through the Mario Santo Domingo Foundation in the past two years. With them she has been able to buy materials to make hammocks and back-packs, as well as small animals such as pigs and hens. When she finished paying back the Foundation she still had a couple of pigs and hens as a profit. Her goal is to capitalize her business so she can add more products. She also wants to improve her house and insure her children finish their secondary education and get a university degree. While Rosiris works toward her goal, she generates a contribution margin of 45.9%, an inventory turnover of 15 days and an accounts receivable turnover of one day, so what she sells on credit is paid the next day. These are the financial indicators that we have used to project growth potential and we forecast a successful investment with her credikiva.
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Rosiris de 42 años y en condiciones de viuda vive en San Jacinto, con sus 4 hijos, en las edades de 6 a 21 años, tres de los cuales estudian y el mayor trabaja; allí en esta tierra donde sobreabundan las artesanías en tejido vertical, Rosiris se dedica justamente a la producción Hamacas, Bolsos y fajones, actividad que aprendió por tradición familiar, y desde que quedó viuda, se concentró más en ella. Así es que durante el día trabaja tejiendo las hamacas y en la noche teje fajones por servicio o tejida y se gana en cada fajón $2.000 COP y ella teje un mínimo de 3 por noche. Viven en su propia casa, cerca de su madre y de otros hermanos Su familia es muy solidaria con Rosiris, pues desde que murió su esposo, apoyaron la crianza de sus hijos y aún siguen haciéndolo. Hoy da gracias a Dios, porque tiene un hijo que trabaja y aporta para los gastos del hogar. Su credikiva es el primer financiamiento que hace a la Fundación Mario Santo Domingo, con el comprará hilazas de algodón para lograr una producción mayor. Ella se siente muy segura y supone una inversión exitosa, porque conoce esta actividad perfectamente, ha tenido la experiencia crediticia, siempre ha pagado puntualmente con la producción de sus hamacas y adicionalmente tiene el gran apoyo de su madre, quien trabaja con ella las artesanías.
En la actualidad Rosiris ha recibido 2 financiamiento de la Fundación Mario Santo Domingo, durante dos años; con ellos logró comprar materiales para hacer hamacas y mochilas y también compró animales de especies menores, como cerdo y gallina y ella dice que cuando terminaba de pagarle a la Fundación, le quedaba un cerdo o dos, y sus gallinas de ganancia. Sus sueños o metas en cuanto al negocio es capitalizarlo para tener más productos y en cuanto a su hogar, es mejorar su vivienda y que sus hijos terminen sus estudios de secundaria y continúen carreras universitarias. Mientras Rosiris trabaja para lograr sus sueños, genera un Margen de Contribución de 45.9%, una Rotación de Inventarios de 15 días y una Rotación de cuentas por cobrar de 1 día, es decir todo lo que vende a crédito, se lo pagan al día siguiente. Desde estos indicadores financieros proyectamos su crecimiento potencial y auguramos una inversión exitosa con su credikiva.

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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,622,550
    Funds lent in using Kiva
  • 1,819.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Rosiris Margoth to buy cotton yarn to increase production.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Oct 3, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012