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Norelvis Alejandra

Update on Norelvis Alejandra

Norelvis is extending her investment doing a commercial activity with the same customers from her other business of production of articles in leather and their derivatives. With her previous Kiva credit she purchased various merchandise like cell phones and sweaters that she sold and with which she responded to her customers. She is now applying for a new loan with which she will buy cell phones, sweaters, and clothes in general in order to fulfill commitments acquired with her loyal shoppers, especially in the student age. This will be a successful investment because she adjusts her purchases to the requirements of each season marks as peak in sales. She is grateful to the Kiva financiers and asks "that they continue with this initiative of helping people with great dreams."
View original language description ↓
Norelvis está extendiendo su inversión hacia una actividad comercial, con los mismos clientes de su otro negocio de producción de articulos en cuero y sus derivados; por eso con su anterior credikiva compró mercancía variada como celulares, suéteres, que vendió y con los que respondió a su clientela. Ella está ahora aplicando a un nuevo credikiva con el cual comprará celulares, sueteres y ropa en general, para cumplir compromisos adquiridos con sus fieles compradores, especialmente en la época estudiantil, por eso será exitosa su inversión, porque ajusta sus compras a los requerimientos de lo que cada temporada marca como de punta en sus ventas. Ella agradece y pide a los financiadores de Kiva; “Que sigan con esa iniciativa de ayudar a la gente con grandes sueños. “

Previous Loan Details

Norelvys Alejandra V. is a 21 year old young woman who lives with her husband and four year old son in the Carrizal neighborhood. Her family works in the leatherwork trade; they make bags, briefcases, and also make t-shirts, robes, and pants. Norelvys learned this trade, along with her… More from Norelvis Alejandra'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
  • 188
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Norelvis Alejandra to purchase cell phones, sweaters, and clothes in general.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013