A loan of $600 helped to purchase products and sewing materials to craft articles of clothing.


Mabel's story

Mabel is 42 years old and she lives with her 12-year old son in the municipality of Soledad. She crafts all styles of clothing. Her primary market is the large wholesalers, offering them manufacturing services. A group of women who produce according to specifications and the products are destined for clothing, and general stores. Mabel started out her business in 2005 after having retired from her employment as a seamstress. She decided to take up her own business venture with a tailoring shop, set up in her house. With the help of 2 loans she bought second-hand sewing machines. She repaid the loans by producing jeans for those who sold her the machines. Her business has been increasing in infrastructure and today she has 7 sewing machines and 3 employees. During those seasons when there is an increase in sales she hires two other employees. Her dream is to separate her family living space from her business and production space in order to enjoy the peace she has wanted for so long. For this reason her long-term goal is to have a commercial store space where she will be able to exhibit and sell her designs. Her greatest challenge is approving clients who request long-term credit plans, as well as not having the capital funds hat she needs to complete finance her business. This is the reason why she requests a Kiva loan. It is the first loan she requests through Fundacion Mario Santo Domingo (Kiva Field Partner). With her loan she will purchase materials and sewing products to produce articles of clothing for clients who require longer term credit plans. Her clients live in the city of Barranquilla and Monteria and she needs to sustain this market, as it is already well-known to her and it is very profitable. As Mabel works to accomplish her dreams she strives to maintain a contribution margin of no less than 27% and a profit margin no less than 19%. She aspires to increase her profit margin with this new injection of funds to her working capital. She will be able to make her purchases in cash and in larger quantities than usual.

Translated from Spanish by Kiva volunteer



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