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Gladys Cecilia
From a very young age Gladys watched her mother sew and learned much of what she knows how to do today because through courses she perfected her art especially in openwork and embroidery. She has defined her line specifically in infant ware. Her greatest gift is her creativity with which she designs and manufactures dresses for little girls, especially.

With her business she has managed to support her home’s wellbeing; it is composed of her husband and three children whose ages range between 30 and 33. Her goal is to continue making progress to reach a more formalized business structure with technology that will create jobs. While this happens, however, she works daily with much effort, dynamism and joy obtaining a profit margin of no less than 38.5% and a 30-day stock turnover rate; her accounts receivable are 12 days.

She is currently applying for her first loan from Fundación Mario Santo Domingo that she’ll use to buy a serger sewing machine, raw materials and sewing supplies to respond to her demanding clientele with the delicate finishing touches that only she provides in her market.
View original language description ↓
Gladys desde muy joven veía a su madre coser y de ella aprendió mucho de lo que hoy sabe hacer, porque ella mediante estudio perfeccionó su arte específicamente en calado y bordado y actualmente definió su línea de confecciones en el plano infantil. Su mayor riqueza es su creatividad con la que diseña y trabaja los vestidos de niñas especialmente. Con su negocio ha logrado apoyar el bienestar de su hogar, conformado por su esposo y sus 3 hijos en las edades de 30 a 33 años. Su meta es seguir progresando y llegar a estructurar una unidad de negocios mas formalizada y con tecnología que genere empleo. Mientras esto ocurre trabaja diariamente con gran esfuerzo, dinamismo y alegría, obteniendo una rentabilidad sobre las ventas no menor del 38,5%, sus inventarios rotan cada 30 días y sus cuentas por cobrar cada 12 días. En la actualidad está aplicando a su primer financiamiento a la Fundación Mario Santo Domingo, con la cual comprará una fileteadora y materias primas e insumos de confección, para responde a su exigente clientela con el delicado acabado que solo ella puede ofrecer en su mercado.

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,601,850
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Gladys Cecilia to buy serger sewing machine, raw materials and supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 6, 2012
Listed
Jan 17, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013