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Mary Luz

Update on Mary Luz

Mary invested her last Kiva loan in cosmetics and costume jewelry, which her customers bought, and she turned her investment around quickly. She is currently applying for a new Kiva loan with which she will increase her working capital because she wants to by more products that have been requested by her customers, such as perfume, ladies' accessories, and costume jewelry in general. She plans to have a successful investment because she will take advantage of the sales her suppliers offer for buying in volume and for paying in cash. Mary sends the following message to her Kiva lenders, "Thank you for your help and I hope you will keep supporting us with these types of loans, which are offered with low interest rates."
View original language description ↓
ary su anterior credikiva, la invirtió en cosméticos y fantasia, que su clientela compró y ella rotó rapidamente su inversión. En la actualidad está aplicando a un nuevo credikiva, con el cua ampliará su capital de trabajo, porque nuevamente comprará productos que han sido solicitado por su clientela, como perfumes, accesorios femeninos y fantasia en geneal, con la que planea tener una inversión exitosa, porque aprovechará las promociones que sus proveedores ofrecen por el volumen de compras y por hacerla en la modalidad de contado.Mary envia el siguiente mensaje a sus finaciadores de Kiva: " Gracias por su apoyo y espero nos continuen apoyando con este tipo de crédito, los cuales los ofrecen con una baja tasa de interés."

Previous Loan Details

Mary Luz V. de M. lives in the city of Cartagena with her three children who are between the ages of 17 and 29. It is an atmosphere where there are many independent workers with different businesses such as the one Mary Luz has. She sells cosmetics and accessories and also earns an income selli... More from Mary Luz'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
  • 506
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Mary Luz to buy perfume, lipstick, powders, deodorant and women's and children's accessories.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 11, 2012
May 26, 2012
Currency Exchange Loss:
Dec 19, 2013