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Rosiris Margoth

Update on Rosiris Margoth

Rosiris, 42, had a previous loan from Kiva with which she bought materials to make her handicrafts and also invested in two live pigs, which she sold to support her son’s studies at the University of Barranquilla, a city two hours away from Cartagena.

Today, Rosiris is preparing for a new Kiva loan with which she will continue increasing her working capital because she will fill orders for hammocks. Thus she will purchase fine thread in greater volume. With this investment she thinks she will be very successful since it leaves her with a greater profit margin and with an inventory of these products, which will increase the probability of their sale and of her ability to capitalize her business even more.

With her former profits, she invested in the acquisition of her son’s military I.D.. This time she plans to re-invest in her business. She is very grateful for the Kiva loans and says that they make it possible for her to get ahead with her family and we are sure she will.
View original language description ↓
Rosiris de 42 años de edad con su anterior credikiva compró materiales con los cuales elaboró artesanías, así mismo invirtió en 2 porcinos en pie y los vendió para apoyar los estudios de sus hijos, que cursan en una Universidad de Barranquilla, ciudad a 2 horas de Cartagena. Hoy Rosiris se prepara para un nuevo credikiva, con el cual continuar aumentando su capital de trabajo, porque responderá a encargos de hamacas, por eso comprará hilo fino en mayor volumen; con esta inversión presume tener mucho éxito, pues es la que deja un mayor margen de utilidad y tener inventarios de estos productos le aumenta la probabilidad de su venta y capitalizar cada vez mas su negocio; con su anterior utilidad invirtió en la adquisición de la libreta militar de su hijo, esta vez planea reinvertir en su negocio. Rosiris está muy agradecida con los credikiva y dice que es una posibilidad de salir adelante con su familia y estamos seguros de que lo hará.

Previous Loan Details

Rosiris, 42, is a widow who lives in San Jacinto with her four children, ages six through 21. Three of them study and the eldest works. In a land where vertical weaving is an abundant craft, Rosiris earns a living making hammocks, bags and bands, which is a trade she learned as a family traditi... More from Rosiris Margoth'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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,629,950
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Rosiris Margoth to purchase fine thread in greater volume.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 27, 2012
Aug 21, 2012
Currency Exchange Loss:
May 17, 2013
This photo was used before for a previous loan for Rosiris Margoth. It was first posted on Kiva on Oct, 2011. Learn More