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Ruth Maria

Update on Ruth Maria

Ruth used her last Kiva loan to buy accessories, outerwear and underwear, and jewelry, with which she did very well. She is currently preparing to make another capital investment in her business and so she is applying for new financing from Kiva which she will use to buy merchandise in response to orders her customers have placed for children's clothes, jewelry, and natural medicines. Her message to her funders at Kiva is the following: "I appreciate the funding, I feel great, I am moving forward and I'm going to grow much more next year. I feel very happy with everything."
View original language description ↓
Ruth con su credikiva compró accesorios, ropa exterior e interior y hasta prendas de plata, con la que le fue muy bien; en la actualidad se prepara para hacerle otra inversión de capital de trabajo a su negocio y por eso está aplicando a un nuevo financiamiento por Kiva, con él comprará mercancía en genera, sobre pedidos que le han hecho sus clientes como ropa infantil, prendas de plata y medicina natural. Su mensaje a los financiadores de Kiva es el siguiente: ¡Agradezco el credikiva, me siento muy bien, voy para adelante y el próximo año voy a crecer mucho mas. Me siento muy contenta con todo.”

Previous Loan Details

Ruth María N. lives in Soledad’s Los Almendros neighborhood where she sells natural products and assorted merchandise. It is quite usual to find vitamins and Omega 3 among other products like costume jewelry, and cosmetics in her store. She also sells footwear, underwear and children’s clothes.… More from Ruth Maria'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
  • 181
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,937.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Ruth Maria to buy merchandise in general, regarding orders that customers have made for children's clothes, jewelry, and herbal medicine.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2011
Listed
Dec 16, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Ruth Maria. It was first posted on Kiva on Dec, 2010. Learn More