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Maria  Victoria
María, 30, lives with her parents and her 8-year-old son in San Jacinto, the land of hammocks and vertical loom crafts, located in Bolívar Department.

She is precisely a craftswoman by family tradition who manufactures crafts with her own hands to sell in a market that she’s gradually built up. This activity started 8 years ago to generate income and be able to educate her son. Her goal is to be a professional and to expand her business until it generates sustainable income that benefits her family.

Currently, María is applying for a Kiva loan, the first financing she’s had from Fundación Mario Santo Domingo that she’ll use to buy yarn in larger volume to qualify for discounts for cash and large volume purchases. She will manufacture purses and backpacks that she has on order and with them she will be able to be more competitive and be able to respond to her customers in a timely fashion; this is precisely the reason for her investment’s success.
View original language description ↓
María de 30 años, vive con sus padres y con su 1 hijo de 8 años en San Jacinto, la tierra de hamacas y artesanías en tejido vertical, ubicada en el departamento de Bolívar. Ella justamente es una mujer artesana por tradición familiar, que fabrica con sus propias manos productos artesanales y los comercializa, en un mercado que poco a poco ha ido construyendo. Esta actividad la inició desde hace 8 años, para generar ingresos y poder educar a su hijo, su meta es ser una profesional y ampliar su negocio hasta generar ingresos sostenibles que beneficien a su familia. En la actualidad María está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará hilo en mayor volumen, pues ganará descuentos, por la compra de contado y en mayor cantidad y fabricará bolsos y mochilas, que tiene encargadas y con ellas podrá ser mas competitiva y responder oportunamente a sus clientela y esta es justamente la razón de éxito de la 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

  • $6,070
    Average annual income
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,610,900
    Funds lent in using Kiva
  • 1,829.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Maria Victoria to buy yarn.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2013