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Mabel

Update on Mabel

With her previous credikiva loan, Mabel bought fabric for making denim pants that she sold in the La Colmena area of the city of Monteríá in the cattle-raising area of Colombia. Now she has a new market to explore, in the cities of Baranquilla and Monteria, as she has orders for men's and women's plaid bermuda shorts.

Currently, she is applying for a new credikiva loan with which she will buy fabric in a variety of colors and plaid designs, to respond to growing demand.

Her message to the Kiva lenders is the following: "Many thanks to Kiva for their support, because the inexpensive credit helped me increase clothing production little by little."
View original language description ↓
Mabel con su anterior credikiva, compró telar para fabricar pantalones en tela de dril que vendió a colmenas en la ciudad e Montería, tierra ganadera de Colombia. Ahora tiene un nuevo mercado que explorar, en las ciudades de Barranquilla y Montería, pues le han encargado bermudas, masculinas y femeninas en telas de cuadros.En la actualidad está aplicando a un nuevo credikiva con el cual comprará telas en variados colores y diseños de cuadros, para responder a su creciente demanda. Su mensaje a los financiadores de Kiva es el siguiente: Muchos agradecimientos a Kiva por su apoyo, porque con el crédito barato me ayudó a incrementar poco a poco la producción de ropa. “

Previous Loan Details

Mabel is 42 years old and she lives with her 12-year old son in the municipality of Soledad. She crafts all styles of clothing. Her primary market is the large wholesalers, offering them manufacturing services. A group of women who produce according to specifications and the products are destined... More from Mabel'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
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,842.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mabel to buy fabrics in a variety of colors and designs in order to respond to growing demand.
100% 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 15, 2013