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Salma Paola
Salma is 20 years old and was born in the city of Barranquilla. She completed her bachelor studies and started her family at age 17. She’s a young woman who’s been with her life’s partner for two years. Each day they awake, determined to work persistently in order to achieve a better future so that her son can be successful.

Salma began gaining experience, making foam decorations, when she was a young girl and has had a workshop for three years. She makes crafts for shops and other businesses in the city center. Her goal is to have her own home in the future, but her greatest challenge is obtaining the necessary capital so that she can respond to her customer demand. This is the reason she’s requested a Kiva loan through Fundación Mario Santo Domingo, which she will use to buy foam, paints, silicone, and frost material in quantity. This investment will allow her to take advantage of the Barranquilla carnivals, which is the time when most of her products sell. Her success lies in her knowledge of the art, of the market, and knowing that this investment will allow her to make a profit by responding to her customer demand, which she always plans to respond to in a timely manner.
View original language description ↓
Salma de 20 años nació en la ciudad de Barranquilla y terminó sus estudios de bachillerato y formó su familia a la edad de 17 años; ella es una joven mujer que tiene un hijo de 2 años y en compañía de su cónyuge, todos los días se despiertan dispuestos a trabajar persistentemente, para lograr un futuro mejor, para que su hijo se convierta en una persona exitosa. Salma inició, desde muy pequeña, su experiencia en este oficio, pues aprendió la decoración en icopor y se dedicó a trabajar en ella; hoy tiene un taller desde hace 3 años, en donde fabrica productos artesanales para papelerías del centro de la ciudad, misceláneas y otros negocios. Su meta más adelante es tener su propia casa y su mayor desafío es lograr un capital de trabajo suficiente, para responder a la demanda de su clientela. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará materias primas como icopor, pinturas, siliconas, escarchas, en un mayor volumen para disminuir sus costos productivos y ofrecer un mejor precio de venta; con esta inversión aprovecharía que se acercan los carnavales de Barranquilla y estos son los productos que mas se venden en esta temporada. Su éxito radica en el conocimiento de su arte, del mercado y en que con esta inversión dará respuesta a pedidos que tiene de parte de su clientela rentable, a la cual siempre planea responder oportunamente.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Salma Paola to buy supplies.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Jan 31, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013