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Mara Luz
Mara, 40, learned how to be an artisan from her mother and she knows how to make everything using craft materials. Using these skills, she started her own business making necklaces, earrings, bracelets and bags, items that she sells to tourists that visit her town as well as crafts stores that she has been doing business with for years. The market where she sells her goods is growing everyday and her production is down because she doesn't have the working capital to diversify her product line to meet the rising demand. She is currently applying for her first Kiva loan through Fundación Mario Santo Domingo to buy plastic tubing, rice or sisal fiber, thread, clasps, paint and other supplies so she can increase her production. This investment will allow Mara to offer her customers more choices and increase her clientele so that she can finally save and help her son to become a successful professional, something she’s always dreamed of. This is what drives her daily in her work and what she strives to achieve.
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Mara de 40 años, aprendió de su madre de oficio artesana, todo lo que hoy sabe hacer en materia de manualidades. Con este legado, ella logró emprender su propia aventura de negocio, en el que fabrica collares, aretes, pulsos, y hasta mochilas; artículos que vende a turistas que visitan su pueblo y tiendas de artesanías, con los que lleva años negociando. Su mercado cada día crece mas y sus posibilidades de producir artesanía es cada día menor, porque su capital de trabajo no es suficiente, para responde con una buena oferta diversificada, la demanda planteada. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, con el cual comprará tubos plásticos, fibras, de arroz o de fique, hilos, anzuelos, pintura, entre otros insumos con los cuales aumentará su producción. Con esta inversión Mara tendrá una mayor oferta de artículos, aumentará el número de clientes para finalmente con su trabajo, ahorrar y que su hijo con el cual sueña ver convertido en un profesional exitosos, pueda hacerlo y es que este es el motor que dinamiza su tarea diaria y por el cual se esfuerza con el fin de lograrlo.

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,601,850
    Funds lent in using Kiva
  • 1,784.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Mara Luz supplies to make bags, necklaces, earrings and bracelets.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 13, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014