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Aracely Maria

Update on Aracely Maria

With her Kiva loan, Aracely bought household ítems which she sold on credit for daily repayments. It went very well and so she is applying for another Kiva loan with which she will buy a larger amount of household items, with the aim of continuing to secure discounts, obtaining a new clientele and increasing her capital. Her message to the Kiva financers is as follows: "a special thanks, since the loan I used has served me very well to expand our portfolio and increase our family's income."
View original language description ↓
Aracely con su credikiva compró articulos para el hogar que comercializó a crédito con pagos diarios; Con ello le fue muy bien y es por ersto que nuevamente está aplicando a un credikiva, con el cual comprará una mayor cantidad articulos para el hogar, con el fin de seguir ganando mas descuentos y una nueva clientela, que aumente su capital. Su mensaje alos finaciadores de Kiva es el siguiente: " Un agradecimiento especial, ya que el crédito utilizado me sirvió de mucha ayuda para hacer crecer la cartera y mejorar los ingresos familiares.

Previous Loan Details

Aracely has a business selling household products such as mattresses, fans, blenders, pots, plastic products and kitchen items. The idea for this business was her husband's and he is the one who makes sales door to door and collects payment for their goods while Aracely makes sales in their busi... More from Aracely 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

  • $11,100
    Average annual income
  • 499
    View loans »
    Colombia Loans Fundraising
  • $14,954,225
    Funds lent in using Kiva
  • 1,771.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Aracely Maria to buy a larger quantity of household items.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013