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Nancy Lorena

Update on Nancy Lorena

Nancy bought many items with her previous Kiva loan: clothes, small home appliances and much costume jewelry. She’s very happy because her credit sales volume increased and her merchandise turned over quickly.

Today she wants to continue helping herself out with a Kiva loan and is applying for a new one by means of which she’ll buy footwear, lotions and cosmetics, products she’s not yet introduced into her market and with which she will diversify her offer based on prior orders she’s received.

She thanks Kiva for its support and we at the Fundación are betting that her investment will be equally successful as the previous one was because she’s a woman who seeks her family’s wellbeing by working persistently alongside her spouse.
View original language description ↓
Fueron muchos los artículos que compró Nancy con su credikiva anterior: ropa, electrodomésticos menores y mucha bisutería. Ella está muy contenta porque aumentó el volumen de sus ventas a crédito y rotó rápidamente su mercancía. Hoy quiere continuar apoyándose en su credikiva y está aplicando a un nuevo financiamiento, mediante le cual comprará calzado, lociones y cosméticos, productos con los que no ha incursionado en el mercado y con los que va a diversificar su oferta basándose en la preventa que ha realizado. Ella da las gracias a Kiva por su apoyo y le apuntamos a que su inversión sea igualmente exitosa como la anterior, pues ella es una mujer que busca el bienestar de su familia trabajando persistentemente, al lado de su cónyuge.

Previous Loan Details

Nancy has a business selling merchandise in Almirante Colón neighborhood, in the city of Cartagena. There she sells household products and also clothes and cosmetics. Her current assets are represented in her stock which has a turnover period of 11 days. As she recovers her accounts receivable... More from Nancy Lorena'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
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,638,350
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Nancy Lorena to buy footwear, lotion and cosmetics.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Jul 30, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Nancy Lorena. It was first posted on Kiva on Jul, 2011. Learn More