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

Update on Sandra

Sandra used her previous Kiva loan to buy clothing, bags, footwear and stationery products. She currently plans to take out a new loan so that she can diversify her stock a little more and thereby continue pleasing her customers. She will invest this loan in buying school supplies, footwear and costume jewelry. She sends the following message to Kiva lenders "Thank you very much for supporting me and placing your trust in me. With your help I now have better income and new customers. Please continue this work supporting people with fewer resources".
View original language description ↓
Con su anterior credikiva, sandra compró prendas de vestir, bolsos, calzado y papelería en general. En la actualidad planea un nuevo crédito, con el cual diversificará un poco mas su oferta para seguir cumpliendo con sus clientes, invertirá ahora en utiles escolares, calzado y bisutería. Ella envia el siguiente mensaje a los finaciadores de Kiva: " Muchas gracias por apoyarme y confiar en mi, con la ayuda de ustedes tengo mejores ingresos y nuevos clientes. Sigan haciendo esa labor con las personas de menos recursos".

Previous Loan Details

Sandra B. is a 30 year-old woman who lives in the Santo Domingo neighborhood with her husband and their 2 children, aged 10 and 4. She decided on her own initiative to start a business so she could increase the household income, buying merchandise such as women's clothing, and selling it to a sm... More from Sandra'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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Sandra to buy school supplies, footwear and costume jewelry.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 21, 2012
Listed
Mar 27, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013