A loan of $1,150 helped to buy a greater volume of fabric, thread, buttons, and interfacing.

Claudia's story

Claudia, age 24, lives with her husband in the Malambo municipality, which is very close to the city of Barranquilla. That is where she has her sewing business. This business activity is a family tradition that her mother started seven years ago. For health reasons, her mother transferred the business to Claudia, who has been taking the reins of this small business little by little.

Four years ago she learned specialized sewing technique for women’s dresses and skirts. She sells them to Christian clothing stores. The skirts are elegant, roomy, and long, which conforms to the education that the churches give to the diverse congregations that are in Malambo.

Claudia got married a year ago. She has continued to be in charge of her business in order to help her husband establish the family’s well-being now and in the future. She also wants to fulfill her dream of finishing her college education. She is studying the career of public accounting.

In addition to making clothes, Claudia generates other income through the sale of products by catalog. She promotes her sales among her neighbors, family members, and study companions, who are her principle market.

Claudia is currently applying for a Kiva loan, her first loan with the Fundación Mario Santo Domingo. She will use the loan to buy fabric, thread, buttons, and interfacing in greater volume in order to get discounts. She will also buy a machine to use to improve her productive times.

Her goals are to organize her shop and to even generate jobs, to complete her university education, and to have her own house. While she works hard to fulfill her dreams, she manages a 30-day accounts receivable turnover rate while her inventories rotate every 5 days. Her profit margin is no less than 16%. Using these financial indicators we project growth for her business.

Translated from Spanish by Kiva volunteer Ginny Kalish

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