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Luz Helena

Update on Luz Helena

Luz Helena did very well with the investment of her prior Kiva loan and is applying for a new one because she wants to be very prepared for the December season to increase her offers, capture new customers and increase profits.

She will use her Kiva loan to buy hair treatments, hair coloring and shampoo in larger amounts than she’s been buying. Her investment will be successful because she’ll qualify for discounts and she’ll make it during a season of great commercial activity because a great deal of cash is circulating due to the bonuses and allowances workers get from their firms.
View original language description ↓
Luz Helena le fué muy bien con la inversión de su credikiva anterior y está aplicando a uno nuevo, porque va a aprovechar muy bien la temporada de Diciembre para aumentar su oferta, captar nuevos clientes y aumentar sus utilidades. Con su credikiva comprará tratamientos capilares, tintes, shampoo, en volumenes superiores a los que actualmente está comprando,; su inversión será exitosa porque ganará descuentos, la realizará en época de un gran desplegue comercial y de mucho dinero rotano por efecto de primas, bonificaciones que reciben los trabajadores de las empresas.

Previous Loan Details

Luz Elena used her prior loan to buy supplies like hair coloring, hair and scalp treatments and hair extensions with which she made her customers elegant and improved their image. She needs to buy more supplies now because the increase in customers has been very good and she has run out of suppl... More from Luz Helena'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
  • 481
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,930.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Luz Helena to buy supplies for her beauty salon.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 24, 2011
Listed
Nov 25, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2012
This photo was used before for a previous loan for Luz Helena. It was first posted on Kiva on Feb, 2011. Learn More