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Maria
Maria is 43 years old. She lives with her spouse in the south part of town. She is a seamstress, and activity she started 10 years ago. After she had worked in various workshops in the city she decided she start her own business venture to become totally autonomous. Right now she has her workshop in her house and works with her sister in a line of casual clothing for the whole family. She also has an industrial line because she makes uniforms for businesses and schools. Her goal is to have her workshop totally organized and have her business registry which will allow her to grow her aspirations for new markets. Her biggest challenge is that her working capital isn't enough to make her dream come true. This is the reason she has turned to a Kiva loan, the first loan she has taken out with the Fundación Mario Santo Domingo. With it, she will buy an industrial overlock sewing machine to do better finishings on the clothing she makes and improve her production time. Her reason for success with this investment is that it will facilitate her making another type of clothing, increase her market and improve her time saving process, which will translate into money.
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Maria de 43 años de edad vive con su cónyuge al sur de la ciudad y se dedica al oficio de confecciones, actividad con la que inició desde hace 10 años , cuando después de trabajar en varios talleres de la ciudad decidió emprender su propia aventura de negocios, para lograr plena autonomía. En la actualidad su taller funciona en una habitación de su residencia y trabaja con su hermana en la línea de ropa casual para toda la familia, así como también en la línea industrial, porque fabrica también uniformes para empresas y colegios. Su meta es lograr plena organización de su taller y tener su registro mercantil que le permita aumentar sus aspiraciones respecto a nuevos mercados. Su mayor desafío es que su capital de trabajo no es suficiente para el cumplimiento de su de su sueño, esta es justamente la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará una fileteadora industrial, proponiéndose darle un acabado efectivo a las prendas que elabora y mejorar sus tiempos productivos. Su razón de éxito en esta inversión es que le facilitará trabajar con otro tipo de ropa y aumentara su mercado y mejorará su proceso ahorrando tiempo, que se traduce también en dinero.

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
  • 470
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,756.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Maria to buy an industrial overlock sewing machine.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 8, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 27, 2013