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Mónica Esther
Monica is 46 years old and the mother of a four-year-old child. She lives with her son in the south of the city. She has had a sewing workshop in her home for 13 years, where she sews women's, men's and children's clothing. She was very young, 14 years old, when she began to work at a workshop, completing a variety of different tasks. This is where she learned this activity, guided by the owner of the business, who saw that Monica was inspired and had a lot of potential as a seamstress. Little by little, Monica learned from her. After that, Monica trained for three years at an academy to develop better skills. She learned sewing techniques until she had to begin to work from home in order to care for her ill father.

Given this situation, she became independent and began her own entrepreneurial adventure. Today she makes blouses, pants, and bermuda shorts, all from her own home. That's where her customers come to buy things and use her sewing services.

Every day it takes more and more in order to compete in the sewing business, and although Monica has mastered the diverse techniques involved sewing, she hasn't managed to break into the wholesale market because of a lack of infrastructure. Being a wholesale provider is currently the most profitable way of making a living in this field. This is the reason why Monica is currently requesting a Kiva loan. This will be her first funding from Fundación Mario Santo Domingo. She will use it to purchase a sewing machine, an industrial serger, and a cover-stitch machine. This will let her respond to the new alternatives that the market now offers.
View original language description ↓
Mónica de 46 años de edad, es madre de un niño de 4 años, con el que habita al sur de la ciudad. Allí en su domicilio, desde hace 13 años, tiene su taller de confecciones en las líneas femenina, masculina e infantil, pues ella desde muy niña, a la edad de 14 años empezó a trabajar en una confección, en las tareas de oficios varios y allí aprendió la actividad, dirigida por la propietaria del negocio, quien la veía inspirada y con mucho potencial para el oficio der la costura. Poco a poco aprendió de ella y posteriormente, se capacitó durante 3 años en una academia, para lograr un aprendizaje con mayor estándar, conociendo las técnicas de la confección, hasta que debió trabajar desde su casa, para cuidar a su padre enfermo, con lo esta situación se independizó y empezó su propia aventura emprendedora; hoy elabora blusas, pantalones, bermudas, trabajando en su propia casa, lugar donde llegan a buscarla sus clientes, para obtener el servicio. Cada día la exigencia para competir en el mercado de la confección, es mayor y aunque Mónica aplica muy bien las diversas técnicas de las operaciones de costura, no ha logrado confeccionarle a terceros, que es la modalidad más productiva de la actualidad, porque su infraestructura no lo permite. Esta es la razón, por la cual acude a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará una máquina plana, una fileteadora industrial y una recubridora, para responder a nuevas alternativas que el mercado le ha propuesto.

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

  • $11,100
    Average annual income
  • 463
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,929.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $900 helped Mónica Esther to buy a sewing machine, an industrial serger and a cover-stitch machine.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 5, 2013
Listed
Dec 19, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015