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Judith
Judith is a widow living in the city of Cartagena; she has four children whose ages range between 36 and 50 years. Her business history started 25 years ago when her creative capacity led her to an activity she could use to develop her potential and to generate income. This was how she organized her own workshop and with it has managed to support herself by her own means and to support her home’s wellbeing.

Judith doesn’t like to depend on her family and lives proud to know that at the age of 74 she’s still producing money. She helps support three grandchildren’s university expenses and she prays to God that He gives her life and health to see them become successful professionals.

Her business consists in manufacturing mops and also various lines of clothing as well as selling assorted merchandise. Her clientele is composed of referrals from customers around her neighborhood and adjacent zones. Her goal for later on is to have a locale and to move her business to a more strategically located spot to increase her market of customers and this is precisely her greatest challenge.

At present, she’s applying for a Kiva loan, her first financing with Fundación Mario Santo Domingo that she’ll use to buy fabric to make women’s clothes she has on order and raw materials to make the mops and to increase production in the same ratio her clientele and marked demand has grown; she will also buy varied merchandise to have inventory on hand to respond to the May celebration which means the biggest sales in women’s articles: Mother’s Day. This strategy allows us at FMSD to visualize success for this investment.
View original language description ↓
Doña Judith, es viuda, vive en la ciudad de Cartagena y tiene 4 hijos en las edades de 36 a 50 años. Su historia de negocios inicia desde hace 25 años, cuando su capacidad creativa le indicó una actividad con la cual desarrollar su potencial y generar ingresos; así fue como organizó su propio taller y con ello logró mantenerse por cuenta propia y apoyar el bienestar de su hogar. Doña Judith, no le gusta depender de su familia y vive orgullosa de saber que a sus 74 años de edad, aun produce dinero, apoya a 3 nietos en sus estudios universitarios y ruega a Dios que le de vida y salud para verlos convertidos en profesionales triunfadores. Su negocio consiste en elaborar trapeadores y también ropa en las diferentes líneas, así como en vender mercancía variada. Su clientela está conformada por referidos de sus clientes alrededor de su barrio y en zonas aledañas. Su meta mas adelante es tener un local y sacar su negocio a un lugar más estratégico para lograr incrementar su mercado de clientes y justamente este es su mayor desafío. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará telas, para confeccionar ropa femenina que tiene encargada, materias primas para elaborar traperos y aumentar la producción en la proporción de su crecimiento y exigencia del mercado de clientes y comprará mercancía variada para tener un inventario que responda a la celebración de la fecha de mayor movimiento comercial de las mercancías femeninas, como lo es el día de las madres. Con toda esta estrategia visualizamos el éxito de esta inversión.

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
  • 502
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Judith to buy sewing and mop-making supplies.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2012
Listed
May 16, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013