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Searle

Update on Searle

Searle is receiving her second Kiva loan, to buy materials to improve her house. She feels very capable of repaying the loan in time because with her previous Kiva loan it went well for her. She invested it in tailoring supplies and responded to her customers in a timely fashion.

Her message to Kiva lenders is "Thank you very much for the low-interest loan," because it allowed her a better investment and the possibility of being timely.
View original language description ↓
Searle está recibiendo su segundo credikiva, para comprar materiales mejorar su vivienda. Ella se siente muy competente para pagar su crédito oportunamente, debido a que con su anterior credikiva, le fue muy bien lo invirtió en insumos de confección y respondió oportunamente a sus clientes. Su mensaje a los financiadores de Kiva es “Muchas gracias por el crédito a bajos intereses.” porque le permitió una mejor inversión y la posibilidad de ser oportuna.

Previous Loan Details

In the China town district of Cartagena it is very common to sense the energy produced by the countless businesses and vendors that sell in the market of Cartagena. Searle lives in this region. She is an enterprising woman and a mother of two children, aged 18 and 20. She started out sewing cloth... More from Searle'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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About Colombia

  • $6,070
    Average annual income
  • 163
    View loans »
    Colombia Loans Fundraising
  • $13,194,000
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Searle to buy materials to improve her house.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 29, 2012
Listed
Jan 17, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013