Check out some available loans that are similar to this one!
Angela Maria
Angela, 25, lives in the city of Cartagena with her spouse and one-year-old son. She has a business making crafts and handiwork she makes with her own hands: rag dolls, picture frames and other items for which she employs the use of "country" style, a technique she learned from her mother who has a business with these same characteristics. Her goal is to expand the structure of her business, making clothing and becoming a famous designer, but her greatest challenge is the lack of capital for achieving it since, with her growing clientele, money runs short for investing and increasing her earnings.

Thus she turns to her Kiva loan, her first financing with the Mario Santo Domingo Foundation, with which she will purchase basic materials for her business. She expects the investment will be successful because she will buy in greater quantities and be able to respond to her expanded customer base more promptly. In her business she yields an average profitability of 49.6%, from which she plans her gradual growth in her business.
View original language description ↓
Angela de 25 años de edad vive en la ciudad de Cartagena, con su cónyuge y su hijo de un año de edad. Ella posee un negocio de confecciones y manualidades, que elabora con sus propias manos: muñecas de trapo, portarretratos y otros artículos en los que emplea el arte country, técnica que aprendió de su madre, quien tiene un negocio con estas mismas especificaciones. Su meta es ampliar su estructura de negocio, confeccionar ropa y convertirse en una diseñadora famosa, pero su mayor desafío es la falta de capital de trabajo para lograrlo, pues con su creciente clientela se torna insuficiente para invertir y aumentar sus ganancias. Esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará materias primas para su negocio, inversión que planea será exitosa, porque comprará en mayor volumen y podrá responder a su extendida clientela mas oportunamente. En su negocio maneja una rentabilidad promedia del 49,6% , desde la cual planea su gradual crecimiento empresarial.

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
  • 491
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Angela Maria to buy basic materials in larger quantities, such as cloth, yarn, thread, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2012
Listed
Feb 12, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 20, 2013