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Carmen
Carmen is 49 years old. Her life has taken place behind a sewing machine for the last 20 years, since her mother taught her the art of dressmaking. Little by little Carmen, to keep herself in the market and to achieve high quality pieces of clothing, has studied each part of dressmaking technically and has been able to perfect what her mother had taught her.

Nowadays she designs, prepares, assembles and finished men's, women's and children's clothing. With this she obtains her own income, selling on credit and making cash sales with each item of clothing which the families from her neighbourhood, where she lives and works, use. Her goal is to continually strengthen her work capital and physical workspace, but her biggest challenge is having enough money to do so. This has led her to request a Kiva loan. This is her first loan cycle with Fundación Mario Santo Domingo, through which she will buy fabric, thread, zips and patterns, both wholesale and retail. With this she will be able to increase her production during one of the biggest selling periods of the year for her business, as is the end of the year. This is exactly what will make her Kiva loan a good investment, with potential success.
View original language description ↓
Para Carmen, mujer de 49 años de edad, su vida transcurre en una máquina de coser desde hace 20 años, cuando su madre le enseñó el oficio de la costura y poco a poco ella, para sostenerse en el mercado y lograr una mejor calidad de las prendas de vestir, estudió técnicamente cada tarea de la confección y logró perfeccionar lo que su madre le había enseñado.
Hoy diseña, corta, prepara, ensambla, termina prendas de vestir femeninas, masculinas e infantiles, con las que logra genera ingresos autónomos, vendiendo a crédito y de contado cada prenda de vestir, que usan las familias ubicadas alrededor de su domicilio, donde habita y tiene su taller. Su meta es fortalecer cada vez mas su capital de trabajo y su planta física, pero su mayor desafió, es tener el dinero suficiente para lograrlo, lo cual la ha llevado a aplicar a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará al por mayor y de contado, telas, hilos, botones, correderas y moldes, con ello logrará incrementar su producción en una de las temporadas comerciales de picos altos, para su negocio, como el fin del año y esto es lo que justamente hacen de su credikiva una buena inversión, con un potencial de éxito..

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,932.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Carmen to buy fabric, thread, zips and patterns, both wholesale and retail.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 21, 2013
Currency Exchange Loss:
Possible
Ended:
May 7, 2014