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Argeda
Argeda is 62 years old and works making hammocks and bags in her town, San Jacinto, which is a traditional area known for its vertical weaving, which displays beautiful designs. She learned this art from her mother, who was an expert and started teaching her the trade when she was very young. That is why twelve years ago she decided to use her knowledge to generate her own income, by selling backpacks initially, and gradually hammocks.
This business has allowed her to contribute to support her family and give them what they need. Her goal and her greatest challenge is having her own capital in order to sell a greater number of hammocks, so that she can help her children even more.
Argeda approached Fundación Mario Santo Domingo to request a Kiva loan because it will allow her to try to gradually increase her working capital by investing in greater amounts of cotton and pine thread for making new hammocks. That way she will build an inventory and will be able to respond to her customers appropriately when they approach her ready to pay.
Argeda is very well-known in San Jacinto for her products' excellent finish. That is why her customers recommend her, and her potential for growth is worth exploring.
View original language description ↓
Argeda de 62 años de edad se dedica a la elaboración de hamacas y bolsos en su municipio San Jacinto, tierra tradicional y reconocida por el tejido vertical, en el cual se elaboran hermosas artesanías; ella aprendió esté arte de su madre, quien era una experta y le enseñó este oficio desde muy niña; por eso desde hace 12 años decidió generar sus propios ingresos con su saber, vendiendo inicialmente mochilas y gradualmente hamacas. Con esta actividad ha logrado apoyar el sustento de su familia y darle a ellos lo que necesitan. Su meta y mayor desafío es tener un capital propio, para vender hamacas en mayor volumen, de tal manera que pueda ayudar aun más a sus hijos. Argeda se ha acercado a la Fundación Mario Santo Domingo para solicitar un credikiva, porque con él, intenta gradualmente aumentar su capital de trabajo invirtiéndolo en hilo pino y de algodón, en mayor volumen, para fabricar nuevas hamacas y tener existencia de ellas, y con ello poder responder a su clientela de manera oportuna, cuando se acerquen a ella con el dinero en la mano. Argeda es una mujer muy conocida en San Jacinto por el excelente acabado de sus productos, por eso su clientela la recomienda y tiene un potencial de crecimiento que le conviene explorar.

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
  • 462
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,780.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Argeda to purchase greater amounts of pine and cotton thread.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2012
Listed
Jun 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013