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Cleofelina Maria
Cleofelina is 44 years old and lives in the city of Barranquilla, where she engages in the traditional activity of making clothes. She specializes in school uniforms and has gradually built up a clientele of educational institutions. As a a result, she has earned recognition. The idea for her business was conceived in 2010 when a friend convinced her to start her own business since had already acquired 20 years of experience working in various sewing factories. Her main product lines include dresses, uniforms, school clothes, sportswear, and daily wear. Her goal moving forward is to be well-structured so that she can generate better earnings and jobs for her children. Her greatest challenge is not having sufficient operating capital to expand her business by purchasing tools and equipment since these items are becoming more sophisticated all the time.


In order to resolve this problem, Cleofelina is applying for a Kiva loan, her first form of financing through Fundación Mario Santo Domingo. She will use the money to buy a sewing machine that will improve her production process and result in better-quality work, especially with dresses and uniforms. This will make an impact on her market of existing customers and will help her to acquire new ones. Her potential for success will rise as she gains more knowledge of the market, refines her technique, and improves her production times. Higher quality in her finished products represents more money.

View original language description ↓
Cleofelina de 44 años de edad vive en la ciudad de Barranquilla, donde se dedica a la tradicional actividad de confeccionar ropa; ella se ha especializado en uniformes escolares y poco a poco ha logrado una clientela de instituciones educativas, con la que gradualmente ha ganado su reconocimiento. Su idea de negocio inició desde el año 2010, cuando una amiga la impulsó a emprender su aventura de negocio, pues conocía que había adquirido experiencia trabajando desde sus 20 años en diversas fábricas de confecciones. Sus principales líneas de productos son disfraces, uniformes, ropa escolar, deportiva y de diario, su meta mas adelante es estructurarlo muy bien para lograr generar ingresos superiores y empleos para sus hijos. Su mayor desafío es que su capital de trabajo no es suficiente para poder ampliar su negocio, comprando herramientas y equipos, cada vez mas tecnificados y esto es justamente, lo que resolverá con su credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará una máquina de confección, con la cual mejorara su proceso productivo y con ello la calidad de sus trabajos especialmente de sus disfraces y uniformes, con los que quiere impactar el mercado y acceder a nuevos y mas exigentes clientes. Su potencial de éxito radica en su conocimiento del mercado, de la técnica y en que mejorará los tiempos productivos los cuales representan dinero y calidad en la entrega y el acabado.

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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Cleofelina Maria to buy a sewing machine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
May 22, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013