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Julia Matilde
Julia has a small workshop located in the southwestern area of the city, where she makes cloth handbags, straps, cosmetic bags, small wallets, and sports caps. She learned the trade from her sister, who is also in this line of work.
Julia sells directly to her customers, who are coworkers, neighbors, and people referred to her by these buyers. She makes her purchases in cash at establishments specializing in sewing supplies and charges her customers 50% cash and 50% credit. She works Monday through Sunday in the afternoons, since she also generates income as a housekeeper.
She currently wants to increase her amount of products and, in order to do so, she needs a semi-industrial flat sewing machine, which will allow her to obtain a better finishing on her products. She will also purchase raw materials and supplies. She will buy fabric, accessories such as sliding buckles, thread, and buttons. Her investment will allow her to increase her sales volume and obtain better income, which is precisely her goal for this Kiva loan.
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Julia es su pequeño taller ubicado al sur occidente de la ciudad, elabora bolsos de telas, correas, cosmetiqueras, pequeñas carteras y gorras deportivas, arte que aprendió de su hermana dedicada a la misma actividad. Julia vende directamente a sus consumidores, integrados por compañeros de trabajos, vecinos y referidos por estos mismos compradores. Sus compras las realiza de contado en almacenes especializados en insumos de confecciones y los vende recibiendo de sus clientes un 50% de contado y el otro a crédito; ella trabaja de lunes a domingo durante las horas de la tarde, pues también genera ingresos como empleada. En la actualidad quiere aumentar la calidad de sus productos y para ello requiere una máquina plana semiindustrial, con la que ofrecerá un mejor acabado en los artículos que fabrica; así mismo comprará meterías primas e insumos, para comprar telas, accesorios como hebillas correderas, hilos y botones. Con su inversión logrará aumentar el volumen de sus ventas y obtener un mejor ingreso y esto es justamente el éxito de su credikiva.

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

  • $11,100
    Average annual income
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Julia Matilde to purchase fabric, accessories such as sliding buckles, thread, and buttons.
98% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2012
Listed
Aug 22, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014