Check out some available loans that are similar to this one!
Zaida
Zaida is 59 years old, and makes a living as a seamstress. She began working in the trade as soon as she completed her primary education at age 17, and her first job was operating machines in a sewing workshop. After a few years, she decided to create her own business and become more independent, since she had to take care of her father. When her children were born, she worked even harder to make her business successful so that she could provide for them. She primarily sews clothing and undergarments for women, though she does make other products. She serves a customer base located mostly in her region, and she is well known for her designing talent.

She conducts her sales on credit, and also offers services to clients where they can pay cash up front. The biggest challenge she currently faces to steady business growth is the fact that she lacks the necessary capital to invest in infrastructural improvements. With her challenges and goals in mind, she is requesting this loan, which will be her first with the Mario Santo Domingo Foundation and Kiva. She plans to use the support from this loan to purchase materials in bulk, such as fabric, thread and other input items. She believes that this will be a successful and worthwhile investment, since she already creates high quality products, and her customers are happy with her quality of work. She hopes to make these investments in her business just before its most profitable season: Mother’s Day.
View original language description ↓
Zaida de 59 años de edad se dedica al oficio de confecciones, actividad que desarrolló una vez terminó su educación primaria y a sus 17, años inició su vida laboral como operaria de una empresa importante de confecciones. Posteriormente se independizó en su propio negocio y se hace cargo de su padre y una vez nacieron sus hijos se dedicó a la microempresa con mayor énfasis. Sus principales líneas de confección son la ropa interior y exterior para damas, , su clientela está ubicada en el sector donde habita, donde es muy reconocida por su buen diseño. Sus ventas las realiza a crédito y también ofrece el servicio sobre medidas, trabajando en este último de contado. En la actualidad su mayor desafío para lograr un crecimiento armónico es que no cuenta con capital de trabajo para extenderse, esta es la razón por la cual acude a su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará, materias primas en mayor volumen como telas e hilos y también insumos para dar un buen acabado a las prendas que confecciona. Su inversión planea ser exitosa por la calidad de sus confecciones y porque lo hace sobre pedidos de sus clientes en la época que mas lo necesitan: El día de las madres.

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
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Zaida to purchase fabric, thread, and other materials in bulk for her sewing business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2012
Listed
May 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 21, 2013