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Elsy Edith

Update on Elsy Edith

With her previous loan, Elsy bought raw materials and supplies for making shoes such as leather and patent leather. She is currently applying for a new Kiva loan with which she will once again buy these products as she has designed fashionable styles that need them. She will get ready for the end-of-year season.

Elsy's message to Kiva lenders is "It is good that you help finance people's businesses so that they can make progress. Thank you".
View original language description ↓
Con su anterior credikiva Elsy compro materias prima e insumos para zapatería como cuero, charol y pehants; aen la actualidad está aplicando a un nuevo creikiva con el cual comprará nuevamente estos productos pues ha diseñado estilos de moda que lo requieren, preparandose para la temporada de fin de año.
Su mensaje a los financiadores de Kiva es el siguiente: " Es una buena labor ayudar a financiar negocios depersonas para que puedan progresar. Gracias

Previous Loan Details

Elsy E. Solórzano lives in the Woods of Barranquilla with her partner and their 4 children, ages 11 to 20. She makes and sells women’s shoes in different styles. She started the business because of her need to generate income for her family. 7 years ago she was involved in another type of wo... More from Elsy Edith's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 494
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,912.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Elsy Edith to buy basic materials and supplies for shoemaking, such as leather and patent leather.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Oct 5, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2013
This photo was used before for a previous loan for Elsy Edith. It was first posted on Kiva on Sep, 2010. Learn More