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Maria Soledad

Update on Maria Soledad

Thanks to her credikiva loan Maria produced a great deal of handicrafts that she sold, and financed labor and accounts payable. She is very satisfied, and is now getting ready to participate in several fairs in Colombia. That is why she will again invest in raw materials, and will work hard in the production of handicrafts in order to have a significant inventory to display in each commercial event she will attend.

She sends the following message to the lenders: "I want to thank you for the help received and to emphasize that other national and international institutions must follow your example."
View original language description ↓
María gracias a su credikiva produjo mucha artesanía que vendió oportunamente, financió mano de obra y cuentas por cobrar. Ella está muy satisfecha y ahora se prepara para participa en varias ferias en Colombia y por eso invertirá nuevamente en materias primas, y trabajará fuertemente en la producción de artesanías, para tener un inventario importante que exhibir en cada evento comercial, al cual se presentará. Ella envía a los financiadores el siguiente mensaje: “ Quiero agradecer la ayuda recibida y resaltar que otras instituciones nacionales e internacionales deben seguir su ejemplo.”

Previous Loan Details

Maria Soledad is 44 years old and she is a married woman. She lives with her husband and their 3 children, aged between 12 and 17 years old. They live in the district of Altos D. Riomar, in the city's north end. She has a craft shop there where she makes hand-maD. purses, bands, shoes, necklaces,... More from Maria Soledad'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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $13,617,225
    Funds lent in using Kiva
  • 1,842.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Maria Soledad to again buy raw materials for designing display items for the fair in which she will participate.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 22, 2012
Listed
May 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 28, 2014
This photo was used before for a previous loan for Maria Soledad. It was first posted on Kiva on Aug, 2011. Learn More