Check out some available loans that are similar to this one!
Maria Ester

Update on Maria Ester

With her last Kiva loan Maria bought a cooler. She's happy because her products are very cold and delicious and she has more storage space in her fridge for her chica, drinks and sodas.

With her new loan she plans to buy ingredients in bulk to make chica and food, so that she can get discounts that will make her production costs go down. She is grateful to the Kiva lenders and hopes they keep supporting her because she's very interested in growing her business and generating more income.
View original language description ↓
Con su credikiva anterior Maria compró un enfriador , ella está satisfecha porque sus productos se tornan mas frios y deleciosos, ademas de tener mayor capacidad de almacenamiento útil para el refrigerado de las chicahas de maíz, bebidas y refrescos en general. Con el nuevo credikiva, al que está aplicando, planea comprar materias primas para la preparación de sus chichas y alimentos en mayor volumen, para obtener buenos descuentos que trasladará a sus costos productivos. Su agradecimiento a los finaciadores de Kiva y espera que la sigan apoyando, porque tiene mucho interés de crecer y generar mayores ingresos.

Previous Loan Details

María Blanquécet lives in Cartagena. She makes 'chicha' (a soft drink made from corn) and soft drinks in general. She also sells various merchandise and cylinders of gas which she provides to restaurants and housewives. María started out selling various merchandise such as clothes and costume ... More from Maria Ester'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
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Maria Ester to buy ingredients in bulk to make chicha [a corn drink] and lunches.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Feb 19, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013