Check out some available loans that are similar to this one!
Yunis
48-year old Yunis lives in the south of the town with her 15-year old son. She has a sewing business there, and has 32 years’ experience with this line of work. After training to be a seamstress, she tried working in small factories, and then finally in 2006 she opened her own business. Yunis obtained business experience from working in a pharmacy where she was in contact with many people who later became her customers.

Nowadays she has a workshop located in her own home which she acquired when her friend became ill. Her friend could no longer run the workshop so sold it to Yunis.

Currently Yunis sells both for cash and on account. Her main customers are businesspeople who sell clothing, neighbours, and friends who know the quality of her work and always use her services. She works from 6 in the morning to 8 at night to complete everyone’s orders.

Her greatest goal is to expand her workshop so that she can help her son get ahead. This is also her greatest challenge. Yunis is now seeking a loan from Kiva, the first time she has approached the Mario Santo Domingo Foundation. With the money she plans to buy fabric, thread and other sewing necessities. She will be able to increase production and lower costs through buying in volume, just what the loans are intended to achieve.
View original language description ↓
Yunis es una mujer de 48 años de edad, que habita al sur de la ciudad con su hijo de 15 años. Allí tiene su propio negocio de confecciones, experiencia que data de hace 32 años, cuando después de capacitarse en el arte de confeccionar, experimentó en pequeñas fabricas y finalmente en el año 2006 se dedicó a esta tarea. Su experiencia comercial la obtuvo con una droguería, donde logró relacionarse con muchas personas, que más tarde se convertirían en sus clientes. Hoy tiene un taller ubicado en su propia casa, el cual fue producto de sus esfuerzos y adquirió cuando su amiga se enfermó y no pudiendo dedicarse a este oficio, se lo vendió a Yunis.
En la actualidad vende de contado y a crédito y sus principales clientes son comerciantes de productos de confecciones, vecinas, amigas que conocen muy bien la calidad con la que Yunis trabaja y no la cambian. Su tarea la realiza de lunes a sabidos desde las 6 de la mañana hasta las 8 de la noche para poder cumplirle a todos y su mayor meta es ampliar su infraestructura para sacar a su hijo adelante y este es su mayor desafío. En la actualidad está aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará telas, hilos y productos de confecciones. Con su credikiva logrará aumentar su producción y disminuir los costos por concepto de compras en volumen y este es justamente el éxito de eta inversión.

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
  • 384
    View loans »
    Colombia Loans Fundraising
  • $14,624,375
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Yunis buy fabric, thread and other sewing necessities.
99% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 7, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014