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Cleotilde

Update on Cleotilde

Cleotilde invested her Kiva loan in two parts. On the one hand she bought raw materials she used to make tote bags and on the other hand invested in her crops. Her goal is to continue adding more technology to her infrastructure and to have industrial machinery and to install a tank to store and supply her with water.

Her message to Kiva lenders is one of gratitude and she asks that as the years go by that the loan amounts be increased in order to increase the size of financed businesses when they are repaid well. Currently, Cleotilde is applying for a new Kiva loan to buy raw materials and supplies to manufacture new backpacks she has on order and that undoubtedly will be very well designed to impact her clientele.
View original language description ↓
Cleotilde invirtió su credikiva en dos partes, por un lado compró materias primas con los cuales fabricó bolos y por otro lado invirtió en el cultivo del campo; Su meta es continuar tecnificando su infraestructura y tener maquinaria industrial y construir un deposito donde provisionarse de agua. Su mensaje a los financiadores de Kiva es de agradecimiento y que pide que en la medida en que pasen los años, sean más alto los montos de los créditos, para aumentar el tamaño de los negocios financiados, siempre y cuando sean bien pagados. En la actualidad Cleotilde está aplicando a un nuevo credikiva con el cual planea invertir en materias primas e insumos para fabricar nuevas mochilas que están encargadas y que muy seguramente serán de muy buen diseño para impactar a su clientela

Previous Loan Details

Cleotilde is 41, lives with her husband, and has 3 children ages 12 to 23. They live in the San Jacinto municipality in Bolívar department, an area where fabric is woven on vertical looms, from which hammocks, knapsacks and sandals are made. This skill is handed down from generation to generatio... More from Cleotilde'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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Cleotilde to buy supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013