Check out some available loans that are similar to this one!
Magda Carina
For Magda the clothes making and high fashion business is the visible result of her creative expression as a design professional. Since she was 15 years old, she has been working very closely with seamstresses. A year ago, after being an employee, she decided to go off on her own to follow her dream of being a fashion designer. She used the money she had from terminating her work contract and from her career as a design professional. Her goal is to start a collection a casual clothing for women and that is why she needs support from the Fundación Mario Santo Domingo, the organization where she is applying for a Kiva loan. With it, she plans on investing in raw materials to take the first step towards the competitive world of design and gain recognition and position in a much more structured market. Right now, Magda has a workshop where she does the whole productive process, from buying raw materials to design, cutting, preparation, assembly and finishing the pieces, and then selling them. Her main market are young college students and business executives who are persuaded by the quality of the products that Magda offers. She sells on credit and pays for her purchases up front. Her biggest challenge is having enough working capital to make her collection, and that is why she works so hard. She works every day from 8 in the morning until 5 in the afternoon from Monday through Sunday. Her work capacity, her discipline and the quality of work she produces are her strengths. She is getting ahead with a lot of competition in the market and that sustains her. That is the suxxess of investing a Kiva loan in her business; it will be in good hands.
View original language description ↓
Para Magda el negocio de confección de ropa casual y de alta costura, es el resultado visible de su expresión creativa como profesional del diseño. Desde sus 15 años ha estado trabajando muy cerca a confeccionistas y desde hace un año, después de ser empleada decidió independizarse, dando inicio a su sueño de convertirse en diseñadora de modas, aplicando el dinero recibido, producto de haber terminado su contrato de trabajo y su carrera como profesional del diseño. Su meta es lanzar una colección de ropa casual para damas y es por esto que requiere el apoyo de la Fundación Mario Santo Domingo, organización en la cual está aplicando a un credikiva, con el que planea invertir en materias primas e insumos para dar su primer paso hacia el mundo competitivo del diseño y apostarle a su reconocimiento y posicionamiento en un mercado mucho mas estructurado. En la actualidad Magda tiene un taller, donde realiza todo el proceso productivo, desde la compra de materias primas, pasando por el diseño, corte, preparación, ensamble y acabado de piezas, hasta la comercialización. Su principal mercado son los jóvenes universitarios y ejecutivas de empresas que están convencidas de la calidad de los productos que Magda ofrece. Sus ventas las realiza a crédito y sus compras de contado y su mayor desafío es tener el capital de trabajo suficiente para sacar su colección y en por eso Magda trabaja de manera esmerada, diariamente desde las 8 de la mañana hasta las 5 de la tarde y de lunes a domingo; su capacidad de trabajo, disciplina y la calidad de lo que produce, son las fortalezas con las que le sale al paso, a una inmensa competencia en el mercado y por eso se sostiene. Esto es justamente el éxito de invertir un credikiva en su negocio, pues está en buenas manos.

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
  • 523
    View loans »
    Colombia Loans Fundraising
  • $14,666,500
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Magda Carina to invest in rawe materials to make the first step towards her first collection.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013