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Marelis

Update on Marelis

Marelis purchased raw materials such as cloth for school uniforms and various accessories to sell in her business as a merchant, and she managed to sell her entire investment. She is very happy since thanks to the financing from the Fundación Mario Santo Domingo and Kiva she has managed to organize her workshop, have a larger number of machines, and work much more comfortably. Currently, she is preparing to receive a new Kiva loan which she will use to purchase cloth in wholesale quantities and with different specifications so she can have stock and design dresses in accordance with the coming season. She will receive discount prices which she will transmit to her business’ profits, and in this way her Kiva loan will provide her with success.
View original language description ↓
Marelis compró materias primas como telas para uniformes escolares y accesorios varios para vender en su negocio como comerciante y logró vender toda su inversión. Ella se siente muy contenta pues gracias a los finaciamientos de la Fundación Mario Santo Domingo y Kiva ha logrado organizar su taller, tener un mayor número de maquinarias y trabajar mucho mas holgada con el dinero. En la actualidad se dispone a recibir un nuevo credikiva con el cual comprará telas por mayor volumen y en diferentes especificaciones, para tener existencia y diseñar vestidos de acuerdo a la temporada que se avecina, obteniendo precios en descuentos que trasladará a las utilidades de su negocio y es en esto que radica el éxito de su credikiva.

Previous Loan Details

Marelis is a 57 year old woman who lives with her husband and their three children, who range in age from 28 to 35. They live in the San Jacinto municipality in the Bolívar department. It is known for the variety of hammocks and handicrafts the population makes with a vertical loom as part of t... More from Marelis'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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,818.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,675 helped Marelis to purchase clothing in wholesale quantities.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 24, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014
This photo was used before for a previous loan for Marelis. It was first posted on Kiva on Jun, 2011. Learn More