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Katy Lorena
Katy is 21 years old and lives in the southern part of the city where she works sewing apparel including shirts, pants, dresses and infant clothing. She learned this trade from her mother-in-law who works in this as well and began with her four years ago. Their work includes taking measures, dyeing, cutting, prepping and putting together pieces and finally, organizing the small business together.

Katy lives with her partner and 4 year old son who motivates her in her work. She hopes that he will be a successful and appreciated professional in the future. Katy works in her workshop from 8:00 am until 10:00 pm, especially during the holiday season which is approaching at the end of this year. Her greatest challenge is having the working capital to buy and create a lot of tailored clothing that her customers would like for the end of the year, which includes elegant apparel. This is Katy's plan which she approached Fundaciòn Mario Santo Domingo with to apply for a Kiva loan. With the loan she will buy a sewing machine, fabric, threads, buttons, adornments and accessories that wiill make her finished products of greater quality and offer a distinguished look to all those who wear Katy's products.
View original language description ↓
Katy de 21 años de edad vive al sur de la ciudad, donde se dedica a la elaboración de prendas de vestir como camisas, pantalones, vestidos y ropa infantil; actividad aprendida de su suegra, quien la practica y con ella inició hace 4 años, las tareas de tomar medidas, pintar, cortar, preparar, acabar ensamblar y acabar piezas y finalmente de la mano de ella, organizar una microempresa de manera conjunta. Katy vive con su cónyuge y su hijo de 4 años, quien la inspira en su trabajo, y sueña que este sea en un futuro, un profesional exitoso y apreciado por los demás. Katy trabaja en su taller, desde las 8 de la mañana hasta las 10 de la noche, especialmente en épocas de festividades, como la que se acercan al finalizar del año, y es cuando mas aparece, el gran desafío de disponer de un capital de trabajo, para comprar y fabricar mucha ropa sobre medidas, que sus clientes requieren para cerrar el fin de año, con su grupo familiar muy elegantes. En la actualidad este es el propósito de Katy, por el cual se ha acercado a la Fundación Mario Santo Domingo y aplicar a un credikiva, mediante el cual comprará una maquina fileteadora, telas, hilos, botones, adornos y accesorios, que darán una mayor calidad a sus productos terminados y ofrecerán una mayor distinción entre todos los que luzcan la ropa elaborada por Katy .

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,824.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Katy Lorena to buy a sewing machine, fabric, threads, buttons, adornments and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013