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Milena
Milena is 33 years. She is married and has four children, between the ages of four months and 13 years, and they are the engine that motivates her to look for the betterment of her home’s well-being. She makes clothing, a business that she began in 2003. This has always given a meaning to her life of designing and manufacturing, so she set up a workshop in her home, where she makes clothing and also buys ready-made dresses, which she sells to steady customers who know her. She decided to begin her business not only making clothing, but also buying it. She often finds good prices through sales that the vendors have. Some of her customers – she has different types of customers – like to buy clothing made to measure and others like to quickly find what they are looking for at a lower price. She makes her sales for cash and credit. Whenever the market increases her demand, she must hire others in order to be able to respond to her customers’ needs. She is asking for a Kiva loan, her fifth though Fundación Mario Santo Domingo, through which she can buy raw materials and supplies, such as fabrics, threads, accessories, and also ready-made clothing, which she has been offered a deal on. These are items that have become available due to the change in fashion.
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Milena de 33 años de edad es una mujer casada que tiene 4 hijos en las edades de 4 meses a 13 años, quienes son el motor que la impulsan a buscar cada vez mas el bienestar de su hogar. Ella es una confeccionista que inició su negocio desde el año 2003 y quien siempre ha dado sentido a su vida diseñando y confeccionando, por eso implementó un taller de confecciones en una habitación en su propia casa donde fabrica ropa y también compra vestidos ya elaborados que comercializa en una clientela fija que la identifica. Ella decidió orientar su negocio no solo a la fabricación de ropa sino también a su compra, pues encuentra muchas veces precios económicos en las oferta que hacen los proveedores en el mercado y porque entre su clientela, maneja diferentes perfiles de clientes, algunos les gusta comprarle ropa sobre sus medidas y a otros encontrar rápidamente lo que buscan y a un precio mas económico. Sus ventas las realizan de contado y a crédito, en oportunidades cuando el mercado incrementa su demanda, debe contratar a otras confeccionistas para responderle a su clientela. En la actualidad está aplicando a un credikiva, quinto crédito que hace a la Fundación Mario Santo Domingo, mediante el cual comprará materias primas e insumos como telas, hilos, accesorios y comprará ropa ya elaborada, que le han ofrecido con precios de oportunidad, pues son colecciones que salen del mercado, por los cambios que trae consigo la moda.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,787.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,700 helped Milena to buy supplies and clothing for resale.
99% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014