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Gleiny Luz

Update on Gleiny Luz

With her previous Kiva loan Gleiny bought clothes, cosmetics, perfume, footwear, novelty items, and natural products, which went well for her and she earned money. Currently, with her second Kiva loan, she is planning to buy large quantities of a variety of merchandise, since she is preparing for the high December season and she plans to please her customers and sell a lot to increase her profits.

Her message to Kiva lenders is the following: "It's a great financial help. I'm very grateful and I hope to continue counting on Kiva and the Fundación to continue increasing my sales and profits."
View original language description ↓
Con su credikiva anterior Gliny compró ropa, cosméticos, perfumes, calzado, fantasia y productos naturales, con los que le fue muy bien y ganó dinero. En la actualidad planea su segundo credikiva para comprar mercancia variada en mayor volumen, pues se prepara para la alta temporada de Diciembre y planea complacer a sus clintes y vender mucho para aumentar sus utilidades. Su mensaje a los financiadores de Kiva es el siguiente: " Es un gran apoyo financiero, estoy muy agradecida y espero seguir contando con Kiva y con la Fundación, para continuar incrmentando mis ventas y utilidades. "

Previous Loan Details

Clothes, cosmetics, and natural products are Gleiny P.’s daily bread and butter. She is a 27 year old woman who lives in the 20 de Julio neighborhood. Every day she is involved with this merchandise. She selects it, pays for it, sets the prices, displays it, and sells it. This way she gets ne... More from Gleiny Luz'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

  • $6,070
    Average annual income
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Gleiny Luz to buy a variety of merchandise.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2011
Listed
Oct 18, 2011
Currency Exchange Loss:
Covered
Ended:
May 19, 2013