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Maria
Maria, 42 years old, makes women's clothing. She also makes home linens and curtains. She lives south of the city with her husband and her daughter, 20 years old, whom she dreams of seeing become a successful professional. Her business idea was inspired by her parents when she was very young, and when she decided to develop her own entrepreneurial adventure, a friend supported her. Together they started to make items for their closest friends and family members. Maria does all of the production work in her business, from the design through the cutting, preparation, assembly, and finishing of pieces. With the quality of Maria's work and her capacity for learning about various product lines, she has succeeded in building up a market among residents of the area and some clinics, where her customers have referred her. Currently, she is selling mainly on credit, and with the degree to which her market is growing, the working capital is insufficient to respond to orders. This is why she is taking out a Kiva loan, her first financing with Fundación Mario Santo Domingo. She will use it to buy supplies to make bed linens, curtains, and home linens. Her greatest potential for success with this investment is her 7 years of experience, during which she has built up a clientele and learned when to invest, as she will do now with her Kiva loan at the end of the year. It is a time of holidays, when families make many changes to their homes in order to meet Christmas and the new year very up-to-date and with many dreams and hopes.
View original language description ↓
Maria de 42 años de edad se dedica a la confección de ropa para damas, y también trabaja la lencería y cortina; ella vive al sur de la ciudad con su esposo y su hija de 20 años, con quien sueña ver convertida en una profesional de éxito. Su idea de negocio fue impulsada por sus padres desde muy joven y cuando decidió emprender su propia aventura empresarial una amiga la apoyó, empezando juntas a confeccionar para sus mas cercanas amistades y familiares. En su negocio Maria desarrolla todas las operaciones de la confección, desde el diseño, pasando por el corte, la preparación el ensamble y acabado de piezas; con la calidad con la que trabaja Maria, unida a su capacidad de aprendizaje en diversas líneas de productos, Maria ha logrado consolidar un mercado entre habitantes del sector y algunas clínicas, donde sus clientes la han referido. En la actualidad está vendiendo principalmente a crédito y en la medida en que crece su mercado, el capital de trabajo es insuficiente para responder a pedidos, esta es la razón por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mari Santo Domingo, mediante el cual comprará insumos para fabricar ropa de cama, cortinas y lencería. Su mayor potencial de éxito de esta inversión es su experiencia de 7 años, en los cuales ha consolidado una clientela y conoce los momentos para invertir, como en la actualidad lo hace con su credikiva a final del año, época de fiestas, donde las familias realizan muchos cambios a sus hogares, para esperar las navidades y el año nuevo muy actualizados y con muchos sueños y esperanzas.

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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,816.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria to purchase supplies to make bed linens, curtains, and home linens.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 21, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013