Update on Fermina IsabelFermina expanded her product stock of items like hayaca pies (a pie made with corn flour filled with fish or meat, raisins, olives, almonds, etc.) and has sold many every weekend. This is due to her credikiva with which she can invest in buying raw materials to have a greater quantity of stock and allow her to have sales for her customers. Fermina is thankful to the Kiva lenders for the loan which she used little by little on her business, and is in need of a new credikiva to buy raw materials like flour, meats and plastic containers. Fermina with the new investment plans to be successful in her sales goals since she has experience that will lead and drive to the growth of her business.
Fermina amplió el surtido de productos como pasteles hayacas y vendió mucho cada fin de semana. Este se lo debe a su credikiva, con el que pudo invertir en materias primas e insumos, en mayor volumen y tener una oferta apropiada a las necesidades de su clientela. Ella da gracias a los financiadores de Kiva, por su préstamo con el cual capitaliza poco a poco su negocio, por eso se prepara en la aplicación de un nuevo credikiva, con el cual invertirá en materias primas como harina, carnes y recipientes plásticos; con su nueva inversión planea su éxito en metas de venta, pues tiene una experiencia que la ampara y que impulsa el crecimiento de su negocio.
Previous Loan DetailsFemina A. J., 56, makes fast-food and pastries. She has 7 children between the ages of 19 and 40 who she raised with much effort but with very good principles. Femina is from San Marcos, Sucre department, where she farmed manioc, banana, yams and rice. At the age of 25 she moved to a neighbo... More from Fermina Isabel's previous loan »
About Fundación Mario Santo DomingoFundación 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.
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Success!! The loan was 100% repaid