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Arcelis
Arcelis, 39, lives in Barranquilla, a Colombian coastal city. She has two businesses: a clothes making shop and she sells cheese. She took a sewing course six years ago in a local public school and she and her husband took out a loan that she used to buy a sewing machine. This is how she started her dressmaking business. She also earns extra income selling cheese that she sells to a domestic clientele she’s gradually built.

Arcelis has a five-year-old son and a 14-year-old daughter and this is why it’s so important that her businesses are successful because she wants to guarantee her children’s education with her income. In addition, they live in a very small place so are very overcrowded and she hopes to be able to use her income to improve her house and move to a better place.

She’s currently applying for a Kiva loan, her first financing with Fundación Mario Santo Domingo to buy raw materials and supplies to make clothing at good prices because by qualifying for discounts she can then pass them down to her customers and if she has money in hand she can save very much when she makes her purchase by buying in volume which is precisely the reason why the investment will be successful.
View original language description ↓
Arcelis es una mujer de 39 que vive en Barranquilla, ciudad de la costa caribeña de Colombia. Ella tiene dos negocios – un taller de confecciones y la venta de queso. Hace 6 años, asistió a un curso de modistería en una escuela pública en su barrio y simultáneamente a su cónyuge le fue otorgado un crédito, que ella usó para comprar una maquina de coser; fue así como empezó su negocio de confección. Ella también complementa sus ingresos con la venta de queso, que distribuye a una clientela doméstica, que poco a poco ha ganado. Arcelis tiene un hijo de 5 años y una hija de 14 años, y por eso es muy importante para ella, que sus negocios tengan éxito, pues quiere garantizar la educación de sus hijos con sus ingresos. También, viven ahora en un lugar muy pequeño, sufriendo el hacinamiento, y espera usar sus ingresos para mejorar las condiciones de la casa y mudarse a un lugar mejor. En la actualidad está aplicando a un crédito de Kiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, para comprar materias primas e insumos y elaborar prendas de vestir a un buen precio, porque logrando descuentos puede ofrecerlo a su clientela y si tiene el dinero disponible para hacer su compra ahorrará mucho, en la compra de una buena cantidad de insumos, esta es justamente la razón de éxito de esta inversión. .

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
  • 496
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,801.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Arcelis to buy raw materials and sewing supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 8, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013