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Clara
31-year-old Clara lives in the town of Cartagena de Indias with her husband and her little 10-year-old son. She makes shoes and also makes cleaning products. She started these businesses by taking a course at the National Training Service (SENA), where she learned the technical skills. After taking her lessons, she decided to put them into practice in order to get an income of her own. Her dream is to own a large store where she can sell all the products she makes. However, her biggest challenge is having enough working capital to accomplish this purpose. That's the reason why she requests a Kiva loan, which she plans to use to begin increasing production so that she can improve her sales. That way she'll gradually achieve her goal of success, and alongside her husband she'll increasingly improve her family's well-being. With her Kiva loan she'll purchase supplies such as leather and imitation leather, as well as supplies for making cleaning products, and she'll buy them in bulk. She'll sell them at competitive prices, because she'll be able to get discounts from her suppliers for buying in bulk and paying by cash.
View original language description ↓
Clara de 31 años, habita en la ciudad de Cartagena de Indias con su cónyuge y su pequeño hijo de 10 años de edad; ella se dedica a la elaboración de calzado y tambien prepara productos de aseo, negocios que inició, haciendo un curso en el Servicio Nacional de Aprendizaje SENA, donde aprendió técnicamente el oficio, y posterior a su aprendizaje, decidió ponerlo en practica, para generar ingresos independientes. Su sueño es tener un gran almacén, donde pueda vender todo lo que produce, pero su gran desafío es tener el capital de trabajo suficiente, para responder a esté propósito; esta es la razón por a cual acude a un credikiva, con el que planea empezar a aumentar su producción, para crecer en sus ventas y poco a poco lograr sus metas de prosperidad y generar con su cónyuge cada vez mas, bienestar a su familia. Con su credikiva comprará materias primas como cuerina y cuero e insumos para elaborar productos de aseo en un mayor volumen, los cuales venderá a un precio competitivo, porque podrá ganar descuentos de sus proveedores por compras de contado y en mayor volumen.

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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,077,075
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Clara to purchase supplies such as leather and imitation leather, as well supplies for making cleaning products.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013