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Malvis Maria
Since 2001, Malvis, who is 36, has been making flannel strands for mops, using very manual methods. This business has allowed her and her husband to increase their family's wellbeing. They have four children who are ages thirteen to seventeen.

Their business venture started when her husband was working for a company that made mop strands and the owners proposed that he purchase the material and make the product himself. His ex-employers guaranteed their product's sales, because they would buy as much as they made, so that is what he did along with Malvis, who dedicates all of her effort to keep her small manufacturing business going.

The raw material they need is bought in bales in the city of Bogotá, and is transformed in their home, where they live and work daily, Monday through Friday from 7:00 am to 7:00 pm. Her goal is to increase production, but she doesn't have the infrastructure to improve their production time. Working capital is another big challenge, because it doesn't allow her make significant enough purchases to obtain discounts for buying large amounts of raw material.

She is currently requesting a Kiva loan which will be her first financing through Fundación Mario Santo Domingo. She will use it to purchase a machine and cotton material, in order to include a new line of mop strands to increase her profits. Her goal for her family is to be able to support each of her children's professional education, so that they can have a very promising future.
View original language description ↓
Desde el año 2001, Malvis, de 36 años se dedica a elaborar mechas de trapeadores en franela, de una forma muy artesanal; negocio con el que ella y su esposo han logrado aumentar el bienestar de su familia la cual existen 4 hijos en las edades de 13 a 17 años. Su emprendimiento surgió cuando trabajando su esposo, como empleado en una empresa de producción de mechas de trapero, los propietarios de esta, le propusieron que comprara el material y se dedicara a elaborar los productos, garantizando sus antiguos patronos su venta, pues ellos comprarían lo producido, y así lo hizo en compañía de Malvis, quien dirige todos sus esfuerzos a sacar adelante su pequeña fábrica artesanal. La materia prima es adquirida mediante la compra por pacas en la ciudad de Bogotá, para ser transformada en el domicilio donde habitan y trabajan todos los días de lunes a viernes y desde las 7 de la mañana hasta las 7 de la noche. Su meta es producir en mayor volumen, pero su infraestructura es insuficiente para mejorar los tiempos productivos, así como también tiene un gran desafío con su capital de trabajo, con el cual no logra hacer compras significativas para ganar descuentos por amplios volúmenes de materias primas. En la actualidad está aplicando aun credikiva, primer financiamiento que hace la Fundación Mario Santo Domingo, mediante el cual comprará una máquina y material de algodón, para incluir esta nueva línea de mechas de trapeadores y así aumentar sus utilidades, porque tiene como propósito familiar lograr apoyar los estudios profesionales de cada uno de sus hijos, para que disfruten de un futuro muy prometedor.

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
  • 463
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Malvis Maria to buy a machine and cotton material for a new line of mop strands.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 8, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014