Check out some available loans that are similar to this one!
Edith
Edith has made artisanal bags and backpacks by hand since she was young. In addition to being from San Jacinto, the town of the most beautiful hammocks and backpacks in Colombia, her relatives also practiced this trade traditionally, and she learned from them. Today she has her own workshop in her house, where she sells the items she produces that are well liked by tourists. She distributes them also to stores in this town and in cities further away from her birthplace of San Jacinto. Right now, her dream of growing won't stop, and that is why she is willing to put all of her effort into making that happen. But her biggest challenge is that she doesn't have enough working capital to do it. She approached Fundación Mario Santo Domingo to apply for her first loan, because she needs to have more raw materials to fill orders and get ready for the town festivals, when sales increase. With her Kiva loan, she will buy thread, fabric and fill her customers' orders. They are waiting for her to finish weaving the backpacks and bags, because they are very pretty.
View original language description ↓
Edith elabora bolsos y mochilas artesanales con sus propias manos desde muy joven, pues además de provenir de San Jacinto: el pueblo de las hamacas y mochilas mas lindas de Colombia, sus familiares también tradicionalmente practicaron este oficio y ella aprendió de ellos. Hoy tiene su propio taller en su casa, desde donde vende los artículos que produce y que gustan mucho a los turistas y en los almacenes a los que distribuye en este municipio y en las ciudades mas cercanas de su natal San Jacinto. En la actualidad su sueño de crecimiento no se detiene, por ello está dispuesta a ponerle todo su empeño en que esto suceda, pero su mayor desafío, es que no tiene suficiente capital de trabajo para hacerlo. Ella se acercó a la Fundación Mario Santo Domingo, para aplicar a su primer financiamiento, pues necesita tener en mayor cantidad materias primas e insumos, para responder a pedidos y prepararse para las festividades de la población, temporada en la cual sus ventas se incrementan. Con su credikiva comprará hilos, telas y cumplirá con su clientela, quien la espera hasta que termine de tejer las mochilas, y bolsos, pues le quedan muy lindos.

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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,940.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Edith to buy thread and fabric and to fill her customers' orders.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014