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Aurora Esther
Aurora is 62 years old. She is a widow who lives in the municipality of Soledad, a settlement very close to the city of Barranquilla. There she has a sewing workshop where she repairs all kinds of garments, and she also creates clothing for women. She sells for cash and for credit to a customer base she built up before she was totally independent, when she was a worker with a large clothing manufacturer in the city of Barranquilla. Her business goal is to expand her clientele and grow in the market, but her income is not sufficient to invest in her business in order to reach new buyers with diversified products. This is the reason that she is taking out a Kiva loan, her first financing with the Mario Santo Domingo Foundation. She will use it to buy materials and supplies such as clothing, thread and accessories, with which she will provide beautiful finishing touches to all of the garments, as requested by her best customers.
View original language description ↓
Aurora de 62 años de edad, es una mujer viuda que vive en el municipio de Soledad, una población muy cercana a la ciudad de Barranquilla. Allí tiene una clínica de ropas donde repara toda clase de vestidos y también confecciona en la línea femenina, mediante ventas a crédito y de contado, a una clientela que construyó antes de que fuera totalmente independiente, cuando fue operaria en una gran confección en la ciudad de Barranquilla. Su meta comercial es crecer en clientela y en mercado, pero sus ingresos no son suficientes para invertirle a su negocio y poder acceder a nuevos compradores con una diversificada oferta. Esta es la razón por a cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará matrerías primas e insumos como ropa, hilos, y accesorios, con los que dará un hermoso acabado a toda los vestidos, que le han solicitado sus mejores clientes.

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
  • 300
    View loans »
    Colombia Loans Fundraising
  • $13,785,050
    Funds lent in using Kiva
  • 1,803.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Aurora Esther to buy materials and supplies such as clothing, thread and accessories.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 12, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014