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Belkis Candelaria

Update on Belkis Candelaria

Belkys will use her new Kiva loan to buy raw materials and ingredients for making her delicious foods, because carnival season is approaching, which is when her sales increase, especially in her restaurant. She is applying for this loan, taking into account her experience with her previous Kiva loan. With it she was able to increase her working capital somewhat, especially in the seasons of greater commercial activity, which is when she invested. As a result, her success is based in her experience in the market and also in her ability to choose exactly when to invest so that her money can multiply through her work.
View original language description ↓
Belkys con su nuevo credikiva comprará materias primas e inusmos para elaborar sus deliciosas comidas, porque se acerca la temporada de carnaval, donde se aumentan sus ventas especialmente en su restaurante. Ella está aplicando a esta inversión, teniendo en cuenta la experiencia de su anterior credikiva, con el que le fue bien porque aumentó ligeramente su capital de trabajo especialmente en las épocas de mayor movimiento comercial, en las que invirtió. En consecuencia su éxito radica en su experiencia en el mercado y además en la escogencia precisa de la temporada en la que invierte, por eso su dinero se multiplica mediante su trabajo.

Previous Loan Details

Belkis B. lives in the city of Barranquilla with her spouse and her three children ages 5, 10 and 16 years. From her home in the neighborhood of El Valle she works at her business selling soft drinks wholesale and selling beauty products through four catalogs with which Belkis is officially certi... More from Belkis Candelaria'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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,630,925
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Belkis Candelaria to purchase ingredients to make her delicious food.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 14, 2012
Mar 1, 2012
Currency Exchange Loss:
Aug 19, 2013