Check out some available loans that are similar to this one!
Maria
María lives in her native Baranoa, a municipality in Atlántico department, which was originally an indigenous settlement of Arawak-Caribe tribes on the banks of the present Arroyo Grande river. It is located 30 minutes from the city of Barranquilla. In this municipality, known for its Carnival del Recuero festivities and the creativity of its artisans, Martha has a dress-making workshop, where she makes women's and children's clothing, especially with denim.

She carries out this work with her husband, and in the high season, she needs additional staff. This small business is her only source of income. Her clientele live in the city of Barranquilla and in a few municipalities in Atlantico department, where she sells her products by the unit and by the dozen. Her clientele describe the clothing that Maria makes as "excellent", and that's why her customer base keeps growing.

Her monthly sales generate a good profit margin for her, which allows her to cover her household expenses. Her fixed assets are adequate for the operation of her business.

Currently, she is applying for her first loan with Fundación Mario Santo Domingo. She will use her Credikiva loan to buy raw materials and supplies for making many special-order products, as the peak sales season (the months of December and January), is approaching. With her Credikiva loan she will be ready to satisfy her growing clientele.
View original language description ↓
Maria vive en su natal Baranoa: Municipio del departamento del Atlántico que tiene un origen indígena, en un asentamiento de tribus arawak-caribes a orillas del actual Arroyo Grande y está ubicado a 30 minutos de la ciudad de Barraquilla.
En este municipio caracterizado por la festividades del Carnaval del Recuero y sus creatividad en las artesanías, Martha tiene un taller de confecciones, donde elabora prendas de vestir especialmente en tela Jean, en las líneas femenina e infantil; esta actividad la desarrolla junto a su esposo y en temporada alta requiere mano de obra adicional; la microempresa es su única fuente de ingresos, su clientela está situada en la ciudad de Barranquilla y en algunos municipios del departamento del Atlántico, donde venden sus productos por unidad y por docena; su clientela define las prendas de vestir que fabrican en el negocio de Maria como de excelencia y por eso mantienen sus relaciones comerciales de manera dinámica. Sus ventas mensuales le generan un buen margen de rentabilidad, lo que le permite cubrir los gastos del hogar, sus activos fijos son adecuados para el funcionamiento de su empresa. En la actualidad está aplicando a su primer financiamiento con la Fundación Mario Santo Domingo, con su credikiva, comprará, materias primas e insumos para fabricar muchos productos encargados, pues se acerca una temporada de un gran impulso en las ventas, como lo es el mes de Diciembre y Enero y con su credikiva estaría lista para cumplirle a su creciente clientela

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,868.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maria to buy raw materials and supplies for making many special-ordered products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012