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Yolanda
Yolanda lives in the town of Soledad, 15 from the city of Barranquilla, with her husband and 4 children, aged between 11 and 28. She divides her time between making items of clothing, and selling 3 different types of goods. Her main business is the dressmaking, an activity she has been doing in the 20 years since she learned this art. She started out making bespoke dresses to the measurements of her friends and neighbours, and with the income from that she gradually expanded her range and her client base. She began offering beauty products and other goods that slowly took precedence. Her dream of growth is still with her, and she wants to increase her client base once more, but her working capital is not enough to respond to her customers' demands. This is her reason for seeking a Kiva loan, her first finance from Fundación Mario Santo Domingo. With it she will buy fabric and notions, clothes, and cosmetics, along with such other merchandise as she can get at a good discount through the catalogues and that her customers have requested her to get at the best price. Her goal is to succeed in growing her income, to improve her wellbeing and that of her family each day.
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Yolanda vive en el municipio de Soledad, a 15 minutos de la ciudad de Barranquilla, con su esposo y tiene 4 hijos en las edades de 11 a 28 años. Allí se dedica a la confección de prendas de vestir y a la venta de mercancías variada, mediante 3 guías especializadas de productos. Su principal negocio es la confección, actividad en la que se ha desempeñado desde hace 20 años; aprendió este arte y lo practicó fabricando artesanalmente vestidos a las medidas de sus amigas y vecinas, con ello recibió ingresos y gradualmente aumentó su oferta y su clientela; a ella fue promocionándole productos de belleza y mercancías que poco a poco le encargaban encargando. En la actualidad su sueño de crecimiento aun persiste y quiere ampliar su clientela, pero su capital de trabajo se torna insuficiente, para responderle como ella quisiera, con mayor oportunidad; esta es la razón por la cual acude a un credikiva, primer financiamiento que hace ala Fundación Mario Santo Domingo, con el cual comprará telas e insumos, ropa, cosméticos entre otras mercancías, que vienen con muy buenos descuentos en los catálogos y que han sido solicitadas por sus clientes, porque consiguen un mejor precio. Su meta es lograr el crecimiento de sus ingresos y de sus ganancias para aumentar su bienestar y el de su familia cada vez más.

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
  • 247
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,814.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Yolanda to buy fabric and notions, clothes, and cosmetics, among other merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 6, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013