A loan of $525 helped to buy beautiful musical mobiles adorned with flowers, hammocks, traditional sandals and coffee tables.


Milena Johana's story

One year ago, 27 year-old Milena was looking for ways of making additional income. She established her business selling handicrafts from San Jacinto, in Bolivar department. Here they make handicrafts such as hammocks, bags and knitted items with special painting techniques which are only made with such commitment and good taste in this particular town. Milena started out with only a little bit of capital and a very small quantity of handicrafts but she found a big consumer market in Soledad which is where she lives with her two children aged 7 and 4 and where her business grew both in terms of number of customers and in infrastructure because she now displays the handicrafts in display cases in the living room of her home. Her main goal is to have independent premises where she can display and sell her products. She would like to have a specialized retail outlet for arts from Los Montes de Maria. Milena is applying for her first loan with Fundación Mario Santo Domingo and it is a Kiva loan which she will use to buy beautiful musical mobiles adorned with flowers, hammocks, traditional sandals and coffee tables. Her average sales are 2,743,857 Colombian pesos. Her debt (with the loan) would be 35.4% and she maintains a profitability of 31%. Her accounts receivable turnover is every 18 days and her inventory turnover is every 23 days. She will use her loan to increase her working capital and, consequently, her profits because the sales seasons for these products which are very much in demand with families in Soledad are approaching.

Translated from Spanish by Kiva volunteer Linda Oxnard



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