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Ruth
Ruth is 47 years old and she has 21 years experience in her dressmaking business. The idea for her business was born when she learned this skill with her uncle 21 years ago. After this she worked in a recycling company for 9 years and when she was left unemployed, she used her severance pay to purchase three machines but she wasn’t satisfied with that. She then decided to make her work more technical so she began to study scales and patterns at The National Learning Service. At the moment her main products are Bermuda shorts, jeans and sports clothes which she sells to private customers and neighbors. She carries out all the activities of her trade in her workshop, such as cutting, sewing, finishing, ironing and packing and she sells everyday on credit. She makes her purchases in cash in fabric stores in Barranquilla city center. She is currently applying for a credikiva (her first with Fundación Mario Santo Domingo) with which she will purchase fabric, threads, buttons, zips and general accessories for dressmaking. This investment will help her to improve her business because she will be able to fulfill her orders and manufacture women’s, men’s and children’s clothes. She needs to maintain stock for Love and Friendship day which is upcoming and will impact her customer base. Her credikiva investment will improve her response to orders and increase her sales. Her future goal is to have a sales outlet and to purchase her own lot to build her house but the lack of money to invest in it presents her with a challenge.

She will invest her loan in women’s, men’s and children’s clothes, fabric, thread, buttons, zips and general dressmaking accessories.
View original language description ↓
Ruth tiene 47 años y tiene 21 años de experiencia en su negocio de confecciones, su idea de negocio nació cuando aprendió con su tío este oficio hace 21 años; después de eso trabajó en una recicladora durante 9 años y una vez se quedo sin empleo y con la liquidación, compró tres máquinas y no conforme con ello, decidió tecnificar su trabajo, para lo cual empezó a estudiar en el Servivcio Nacional de Aprendizaje, escalado y patronaje; En la actualidad sus principales productos son las bermudas, jeans, ropa deportiva, los cuales vende a clientes particulares, vecinos; en su taller se desarrollan todas las operaciones del oficio es decir corte, costura, acabado, planchado, empacado, vendiéndolo a crédito, y diariamente; sus compras las realiza de contado en almacenes de tela en el centro de la ciudad de Barranquilla. En la actualidad está aplicando a un credikiva, primer finaciamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará telas, hilos, botones, cierres, y accesorios en general, para la confección, así mejorará su negocio con esta inversión, porque logrará cumplir con los pedidos con los cuales fabricará ropa de damas, caballeros e infantil, porque necesita mantener existencia de productos para la temporada de amor y amistad,que se acerca y en la cual impactará a su clientela.
La inversión de su credikiva, mejorará su respuesta a los pedidos y aumentará su volumen de ventas; su meta mas adelante es tener un punto de venta y adquirir un lote propio, para construir su vivienda, pero su desafío para el logro de su propósito es la falta de capital para invertir.


invertiría su crédito en ropa de dama, caballero y niño, telas hilos, botones, cierres, y accesorios en general para la confección

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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,798.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Ruth to purchase women’s, men’s and children’s clothes, fabric, thread, buttons, zips and general dressmaking accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013