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Esther
Esther, 57 years old, started her own sewing shop 20 years ago, following her natural inclinations toward this kind of work. In her job, she carries out every step of the process of making garments, which she will sell on credit to her neighbors, throughout the neighborhood, and in other areas near where she lives. Esther works tirelessly from 7 o'clock in the morning until 8:00 at night, Monday through Sunday, to complete her work and keep her customers loyal to her. Currently, she is applying for this loan from Kiva, her first with the Mario Santo Domingo Foundation, which she will use to buy a covering machine, as well as materials and other supplies. She needs these things so that she do the finishing on certain garments she makes and successfully work with fabrics that won't cooperate with industrial machines. This investment will help her reach success because she will save money on the costs of sending the garment out to be finished in other shops. Also, with the covering machine, she can earn additional income by providing services beyond what other seamstresses who don't have this kind of machine can provide.
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Esther de 57 años de edad, hace 20 años emprendió el montaje de un taller de confecciones, siguiendo su inclinación natural hacia el desempeño de esta tarea. En su negocio se realizan todas las operaciones del proceso de confecciones para elaborar una prenda de vestir que finalmente vende a crédito entre sus vecinos, de barrio y de otros sectores donde está ubicada. Ester desde las 7 de la mañana hasta las 8 de la noche y de lunes a domingos, trabaja sin descanso para lograr un acabado perfecto y mantener a sus clientes fieles a su servicio. En la actualidad está aplicando aun credikiva, primer financiamiento que hace a la Fundación Mario Santo Domingo, mediante la cual comprará una recubridora y materias primas e insumos, para afinar el acabado de las prendas que produce y lograr trabajar con telas que solo resisten la maquina industrial. Con esta inversión logrará tener éxito porque se ahorra el costo, que ocurre cuando necesita mandar a acabar la prenda en otros talleres y con la recubridora podrá a su vez generar nuevos ingresos, ofreciendo este servicio a otras confeccionistas que no cuentan con este equipamento.

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
  • 139
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    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 $1,050 helped Esther buy a covering machine as well as other materials and supplies for sewing.
67% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 25, 2014
Currency Exchange Loss:
Possible