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Maria Del Rosario
Maria is 60 years old and owns a fabric store. She has a workshop in her home in the town of Malambo. She learned this profession when she was young, and through making dresses for her friends she slowly built up experience and created her own customer base, until she turned this activity into a profit-making business. She makes cash sales and and works tirelessly in the workshop from eight in the morning until six in the evening.

She has received two loans from the Fundación Mario Santo Domingo (never through Kiva), through which she has managed to fit out her workshop, buying sewing machines and equipment, improving the quality of her clothes and increasing her profits. Recently, customers have made orders, and she has to work very quickly to meet them. However, she doesn't have enough working capital to buy everything she needs, get discounts and, through this, be much more competitive.

For this reason, she is requesting a loan from Kiva, with the Fundación Mario Santo Domingo, which she will use to buy fabric, threads and accessories in bulk. She will use these to make new designs and work faster, which is why she thinks her investment will be a success.
View original language description ↓
Maria de 60 años de edad es la propietaria de un negocio de confecciones, ella tiene un taller que está ubicado en su domicilio, en el municipio de Malambo. Cuando joven aprendió el oficio y elaborando vestidos para sus amigas, fue poco a poco adquiriendo experiencia y creando su propia clientela, hasta convertir su actividad en un negocio generador de ingresos. Sus ventas las realiza de contado y ella desde las 8 de la mañana hasta las 6 de la tarde, trabaja sin cesar en las operaciones de taller. En la actualidad ha recibido 2 financiamientos con la Fundación Mario Santo Domingo (nunca con Kiva), mediante los cuales ha logrado adecuar su infraestructura, comprando maquinarias y equipos, mejorando la calidad de sus prendas y aumentando su bienestar. Últimamente los clientes le han hecho pedidos, sobre los cuales debe trabajar muy pronto para responderles, pero su capital de trabajo no es suficiente, para hacer sus compras, lograr descuentos y con ello ser mucho más competitiva. Esta es la razón por la cual acude a credikiva, mediante el cual comprará en volumen, telas, hilos y accesorios, con los cuales fabricará nuevos diseños y será mucho mas oportuna, razón por la cual su inversión planea ser mas exitosa.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,813.6
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Maria Del Rosario to buy fabrics, threads and accessories in bulk.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014