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Josefa Maria

Update on Josefa Maria

Josefa used her previous Kiva loan to buy yarn, elastic, stamps, lace, two stamping machines, ribbon, clasps and collars. She managed to manufacture many uniforms and she’s very satisfied with her sales. She’s currently planning on a new Kiva loan to buy shoe making thread, embroidery and knitting thread and stationery supplies which are products in high demand and that turn over quickly.


Her message for the organizations that support her is the following: “I feel very proud to be a client of Fundación Mario Santo Domingo because they gave me the opportunity to finance my loan through Kiva. I feel very well taken care of. Thanks to you my business is better stocked.”
View original language description ↓
Josefa con su anterior credikiva compró hilazas, elásticos, troqueles, encajes, 2 maquinas troqueladoras, cintas, broches y cuellos; ella logró fabricar muchos uniformes y está muy satisfecha con su venta. En la actualidad planea un nuevo credikiva con el cual comprará hilos para zapatería, hilos para bordar y tejer y útiles de papelería que son productos con mucha demanda y buena rotación. Su mensaje para las organizaciones que la apoyan es el siguiente: “Me siento muy orgullosa de ser cliente de la Fundación Mario Santo Domingo, ya que me dieron la oportunidad de financiar mi crédito con Kiva, me siento muy bien atendida, gracias a ustedes mi negocio está mas surtido. “

Previous Loan Details

Josefa is 47 years old and lives in the center of Malambo, a town in the metropolitan area of the city of Barranquilla about five kilometers from the airport. It is near the towns of Soledad, Sabanagrande, and Santo Tomás. The area has a special social composition since its inhabitants are a mi... More from Josefa Maria'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
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Josefa Maria to buy thread and office supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2012
Listed
Apr 11, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013