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Nelly Del Carmen

Update on Nelly Del Carmen

With her previous Kiva loan, Nelly purchased a greater quantity of merchandise such as clothing, ornaments, and even phone minute reloading plans to expand her telecommunications services offerings. Currently, she is planning to invest it in her business at Christmastime and New Year's, since she knows that at this time investment is usually very effective. This is why she is taking out a new Kiva loan, with which she will purchase children's and women's clothing, Christmas ornaments, and new minutes plans, so that her customers will have the opportunity to be closer to their families and will be able to wish them a "happy and prosperous 2012" through the telecommunications services Nelly offers. She asks that Kiva lenders "continue helping to continue advancing".
View original language description ↓
Nelly con su credikiva anterior, compró mercancía en mayor cantidad como ropa, adornos y hasta planes de recarga para ampliar su oferta de servicios de telecomunicaciones. En la actualidad está planeando invertirle a su negocio en la época navideña y de fin de año, pues conoce que en esta época usualmente es muy efectiva la inversión. Esta es la razón por la cual acude a un nuevo credikiva, con el cual comprará ropa infantil y femenina, adornos navideños y nuevos planes de minutos, para que sus clientes tengan la oportunidad de acercarse en masa a saludar a sus familiares y desearle el “feliz y próspero año 2012” a través de los servicios de telecomunicaciones que Nelly ofrece. Ella pide a los financiadores de Kiva "que sigan ayudando para seguir avanzando."

Previous Loan Details

Nelly is from Barranquilla and has two children, ages eight and five years old. For the last eight years, she has worked selling merchandise on credit, selling sweets, and offering telecommunications services by the minute. She does this to create income, sustain her family, and support her par... More from Nelly Del Carmen'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
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,945.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nelly Del Carmen to purchase children's clothes, Christmas ornaments, and new phone minutes plans.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013