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Julieth

Update on Julieth

Julieth used her previous loan to make uniforms, casual clothes and sleepwear which she sold to increase her working capital. She is very satisfied because this was thanks to her CrediKiva. Therefore she is about to take out her third CrediKiva loan to strengthen her other business which is cold meats. She will buy in bulk since her customer base has grown and she is constantly receiving more orders. Part of the new loan will be used to buy fabric to make uniforms for an educational organization. Her message to Kiva lenders is the following: "Thank you for the support you are giving to my business. I will continue to pay back the loan on time".
View original language description ↓
Julieth con su anterior crédito confecciono uniformes, ropa informal y ropa para dormitorios cuales vendió y aumentó su capital de trabajo. Ella está muy satisfecha, pues esto fue gracias a su credikiva, por eso se dispone a acceder a tercer crédikiva, con el cual fortalecerá su otro negocio de carnes frías, comprando en un mayor volumen, porque su clientela ha crecido y cada vez tiene mas pedidos. Así mismo una parte de su nuevo crédito, lo utilizará para comprar telas y fabricar los uniformes de una organización educativa. Su mensaje a los financiadores de Kiva es el siguiente: “ Gracias por el apoyo en mi negocio y continuaré respondiendo con pagos puntuales “

Previous Loan Details

With her previous Kiva loan, Julieth made uniforms and bought sheets, bedspreads and footwear, with which she increased her capital a little bit and expanded her customer base. Currently she is applying for another Kiva loan, which she plans to use to purchase cold meats, footwear, women's clothi... More from Julieth'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
  • 275
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,788.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Julieth to buy sewing supplies and cold meats.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013