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Update on Ruby

Ruby bought rolls of fabric in bulk, which she used to make student hoodies and sweaters. This was all thanks to her credikiva, which enabled her to increase her clientele, respond to them and generate more profit.

Ruby is currently applying for a new credikiva, which she will invest in the purchase of supplies and fabric for uniforms, because she receives uniform orders for students from institutions for whom she has agreed to make garments. She can offer these at a good price as she now buys in larger volumes, and through this saving she can achieve these prices, making her merchandise more competitive.

Ruby sends the following message to the funders of Kiva - "Your unconditional support is very important, as you are helping to improve the living conditions of many Colombians."
View original language description ↓
Ruby compró telas por rollos de mayor volumen con los que fabricó sudaderas estudiantiles y suéteres; todo esto fue gracias a su credikiva, con el cual ganó clientela, respondió oportunamente a ellos y genera más ganancias. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará tela para uniformes e insumos, porque tiene pedidos de uniformes de las instituciones con las que ha convenido fabricarlos para sus estudiantes, con buenos precios pues ahora compra en mayor volumen y traslada ese ahorro que logra a los precios de venta, que la hacen mas competitivos. Ella envía este mensaje a los financiadoras de Kiva “Su apoyo incondicional es muy importante, ya que contribuyen a mejorar la condiciones de vida de muchos Colombianos.

Previous Loan Details

Ruby, age 54, lives in the Soledad municipality, which is close to the city of Barranquilla and the metropolitan area of this city. She has five children ranging in age from 20 years old up to 38. She devotes herself to the traditional trade of making various lines of clothing for women, men,... More from Ruby'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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,786.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ruby to purchase supplies in bulk and fabric for making uniforms.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 17, 2012
Aug 14, 2012
Currency Exchange Loss:
Dec 28, 2013
This photo was used before for a previous loan for Ruby. It was first posted on Kiva on Sep, 2011. Learn More