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Elba
Elba is a day care worker. That is, she works at the noble job of taking care of the poor children in her neighborhood, supported by the Colombian government's nutrition program. Besides taking care of children whose mothers work or who don't have enough to support them, she works making handicrafts and selling different merchandise.

She began these jobs when she was separated, seeing that her income wasn't enough to cover expenses for her family, her three children between the ages of 8 and 18. With these jobs she has managed to get ahead, from her own home, because more and more she has focused all her effort on her family's well-being.

Currently Elba plans to buy high-quality thread to make purses and knapsacks that have been ordered, but she needs to have the cash available to buy wholesale, to save costs. This is why she is asking for a Kiva loan, her third loan from Fundación Mario Santo Domingo. This organization has supported her since she began, through the methodology of the solidarity groups, in which she learned how to manage her loans well and the importance of paying punctually, as she has done all along.

Elba's dream is to have a very big store specializing in artisanal purses and knapsacks traditional to her native town of San Jacinto, to which she owes her artistic ability.
View original language description ↓
Elba es madre comunitaria, es decir se dedica a la noble tarea de atender a niños de su barrio en condiciones de pobreza, apoyada por el Estado Colombiano en su programa de nutrición. Ella además de cuidar de niños cuyas madres trabajan o no tienen para su sostenimiento, se dedica al oficio producir artesanías y manualidades, también vende mercancía variada, actividades que inició cuando en condiciones de mujer separada, percibió que los ingresos no alcanzaban para cubrir los gastos de su familia, conformada por 3 hijos en las edades de 8 a 18 años. Con estas actividades ha logrado salir adelante, desde su propia casa, porque todos sus esfuerzos los ha enfocado en conseguir cada vez mas más, bienestar para su familia. En estos días Elba se propone comprar hilo fino, para elaborar bolsos y mochilas que tiene encargadas, pero requiere tener efectivo disponible y hacer su compra en mayor volumen ahorrando costos. Esta es la razón por la cual acude a su credikiva, tercer financiamiento que hace a la Fundación Mario Santo Domingo, organización que la ha apoyado desde que inicio en ella mediante la metodología de grupos solidarios, donde aprendió el buen manejo de sus créditos y la importancia de pagar puntualmente, como hasta la presente lo hace. Su sueño es tener un almacén muy grande especializado en bolsos y mochilas artesanales propias de su natal población de San Jacinto a quien le debe su aptitud frente al arte.

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

  • $11,100
    Average annual income
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,960,825
    Funds lent in using Kiva
  • 1,965.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Elba to buy high-quality thread to make purses and knapsacks in large quantities.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2011
Listed
Oct 9, 2011
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013