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Miriam Del Socorro

Update on Miriam Del Socorro

Miryam used her previous Kiva loan to buy a hair washing sink and a barber’s chair with which she’s improved her beauty salon’s furnishing to provide better customer service.

She’s now applying for a new Kiva loan to buy an air conditioner, a display case and a table for manicures and pedicures because she intends later on to perfect her service still more expanding the customer service area and responding to the high demand from buyers of her products who have lately been asking for more brands.

Her message to Kiva lenders is the following: “Kivans: I am very grateful to you for having made it possible for me to stay in business and make my dreams a reality. Many Thanks.”
View original language description ↓
Miryam con su anterior credikiva Myriam compró un lava cabeza y una silla de peluquería y con ello ha logrado mejorar su mobiliario de peluquería y prestar un mejor servicio a su clientela. En la actualidad está aplicando aun nuevo credikiva, con el cual comprará un aire acondicionado, una vitrina exhibidora, una mesa de manicure y pedicure, pues pretende mas adelante, perfeccionar aun mas su servicio, ampliando su espacio de atención, respondiendo a la alta demanda de compradores de su oferta, que últimamente ha solicitado sus diversas líneas. Su mensaje a los financiadores de Kiva es el siguiente. “Señores Kiva: Estoy muy agradecida con ustedes por haberme permitido hacer posible la continuación de mi negocio y la realización de mis sueños. Muchas Gracias”

Previous Loan Details

Myriam lives in a place very close to the sea with her husband and four children who range in age from 20 to 29. She has a business called “Sala de Belleza Imagen Tice” (Imagen Tice Beauty Salon) located in the city of Barranquilla’s Modelo neighborhood. She opened it shortly after finishing her… More from Miriam Del Socorro'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
  • 190
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,762.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Miriam Del Socorro to buy an air conditioner, a display case, a manicure and pedicure table.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
May 21, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013