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Ruby Emperatriz
Ruby Páez is a talented artisan from San Jacinto Bolívar who knows how to generate income by working at various activities from a young age. At first she opened a store, utilizing the experience she gained while working at a retail business. However, all of her customers requested credit, so she was not able to collect payments in a timely fashion as required by her business. She then decided to sell merchandise to customers who were employed and did very well. From there she also chose to pursue the activity she enjoys the most and comes to her naturally – making woven purses and hammocks. At the same time, Ruby started another business preparing lunches to go because she is a food expert. She continued to sell clothing and shoes as a necessity because she had established customers and later on added household goods to the inventory of products she offered.

This Kiva loan is the third time she has requested financing from Fundación Mario Santo Domingo. With her previous loans, Ruby was able to increase her earnings and pay for her children’s schooling because her greatest dream is to see them work tirelessly until they can finish university. Her children are very studious and also dream of becoming professionals. In addition, her loans helped her to acquire tools and equipment to retrofit her food business so that she could expand and diversify her product offering which she has already achieved. With this loan she plans to buy thread and natural fibers for making purses for which she has received orders. In addition, she will buy ingredients such as rice, oil, salt, and meat in large volume, as well as a variety of other merchandise.

Ruby’s biggest challenge is selecting customers who are responsible when purchasing on credit. Every day she is learning more and gradually controlling the amount of risk she takes by only selling to individuals who are working or have been recommended by her best customers. Another challenge she faces is paying for her children’s education by herself since she has separated from her husband. Thanks to God, her efforts have not been fruitless because her children are very aware of her hard work and are taking advantage of the opportunities she has created for them.

View original language description ↓
Ruby Páez de San Jacinto Bolívar es una gran artesana que sabe cómo generar ingresos trabajando en varias actividades y es que esto lo hace desde muy joven; primero inició con una tienda, producto de su experiencia como empleada de un almacén, pero los clientes querían todo a crédito y no recuperaba el dinero de inmediato como lo amerita este negocio; luego decidió vender mercancía a clientes que estaban empleados y le fue muy bien y desde allí adicionó también lo que más le gusta hacer y que es parte de su naturaleza: tejer mochilas y hamacas y al mismo tiempo empezó también su negocio de preparar almuerzos corrientes, porque es una experta en comidas, mientras simultáneamente continua con la venta de calzado y ropa que es una necesidad permanente de sus clientes y hasta le ha agregado la comercialización de artículos para el hogar. El credikiva es su tercer crédito con la Fundación Mario Santo Domingo, con sus anteriores financiamientos ha logrado aumentar sus ingresos y con ello que sus hijos estudien, porque tiene como su sueño principal trabajar persistentemente hasta que terminen en la Universidad, pues ellos son muy estudiosos y también sueñan con ser profesionales; también con sus crèditos ha logrado adquirir herramientas y enseres para adecuar su negocio de alimentos y ampliar y diversificar la oferta de productos, como hasta ahora lo ha hecho. Con este financiamiento comprarà hilaza, pita y otros insumos para elaborar mochilas encargadas e insumos para elaborar comidas como arroz aceite, sal y carnes en mayor volumen, asi como mercancias variadas.
El mayor desafío de Ruby es elegir clientes responsables cuando le compran a crédito, pero cada día aprende más y gradualmente asume riesgos controlados, como solo venderle a quienes trabajan y son recomendados de sus mejores clientes. Otro de sus desafíos es educar ella sola a sus hijos después de la separación de su esposo, pero da gracias a Dios porque sus esfuerzos no resultan infructuosos pues sus hijos, son muy conscientes de sus esfuerzos y están aprovechando las posibilidades que ella está construyendo.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $17,904,550
    Funds lent in using Kiva
  • 1,809.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ruby Emperatriz purchase thread and natural fibers for making purses; ingredients for her food business; and a variety of merchandise for her retail business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Sep 24, 2010
Oct 1, 2010
Currency Exchange Loss:
Oct 15, 2011