Check out some available loans that are similar to this one!
America
América is a 52-year-old woman. She lives in a municipality of beaches, breeze, and ocean, which are the world's most beautiful things. They inspire América to design handicrafts and generate income by selling them to tourists and residents of her municipality. She started her business 21 years ago when a good friend taught her crafting techniques making use of ocean products, such as seashells, snail shells, and rocks. She sells her main products at her point of sale directly to the final consumers, who are mainly taxi drivers, and to vendors who distribute through credit and cash sales. Her goal is to expand her sales offerings to generate more income and be able to remodel her home. América is currently applying for a Kiva loan, her first loan with Fundación Mario Santo Domingo, to buy a fire-resistant kiln and raw material to make new designs and take advantage of the coming holidays. Tourism increases and so will her sales if she has handicraft inventory.
View original language description ↓
América mujer de 52 años de edad, habita en un municipio de playa, brisa y mar, que es lo mas bello de esa tierra, que inspira a América para diseñar artesanías y generar ingresos vendiéndolos a los turistas y a habitantes de este municipio. Su negocio inició desde hace 21 años, cuando una buena amiga le enseñó las técnicas artesanales, aprovechando los productos del mar como conchas marinas, esqueletos de caracol y piedras. Los principales productos los vende en su punto de ventas, directamente a los consumidores finales, que son principalmente taxistas y a vendedoras que distribuyen mediante ventas a crédito y de contado. Su meta es ampliar la oferta de sus productos para generar más ingresos y lograr el desafío de remodelar su vivienda. En la actualidad América se encuentra aplicando a un credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará un horno refractario y materia prima para elaborar nuevos diseños, aprovechando que se acercan las vacaciones y el turismo aumenta así como también sus ventas si logra tener inventario de sus artesanías.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 274
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,928.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,100 helped America to buy a fire-resistant kiln and raw material.
56% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible