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Alcira Isabel

Update on Alcira Isabel

Alcira is preparing to receive a new Kiva loan and is very happy because she bought on installment the basic materials and supplies in order to make new designs. The new loan will be used to buy fabric and thread at wholesale price with which she can successfully increase her production and maximize value and generate higher earnings and this is her exact plan. Her message to the Kiva funders is as follows, “I thank them with all my heart for the help given to me and I hope that they continue to support me.”
View original language description ↓
Alcira está preparándose para recibir un nuevo credikiva y está muy satisfecha, porque compró de contado materias primas e insumos para fabricar nuevos diseños. Su nuevo crédito, lo invertirá en la compra de telas, e hilos al por mayor con ello logrará aumentar aun mas su producción y optimizar los costos generando mayores ganancias y este es justamente su plan. Su mensaje a los financiadores der Kiva es el siguiente: “les agradezco de todo corazón la ayuda prestada que me han brindado y espero me sigan apoyando. “

Previous Loan Details

Alcira is a women who is particularly interesting because of her profound creativity and incredible capacity for work. She is a native of San Bernardo del Viento, near Cartagena, where her father worked in the fields and her mother tailored clothing for friends and relatives. Alcira learned the a... More from Alcira Isabel'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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Alcira Isabel to buy fabric and thread.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2012
Listed
Jan 18, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013