Check out some available loans that are similar to this one!
Leticia Del Carmen

Update on Leticia Del Carmen

Leticia from Malambo addresses the following message to Kiva lenders: "Thank you for helping me achieve my dream of making my business grow." She is thankful for how well it is faring and wishes to continue on this course. With her previous loan, she bought cloth, lace, zips, and other supplies with which to make clothes and jewellery. She was thus able to fulfil her customers' orders for school uniforms as well as to offer a greater variety of items for sale. With this new Kiva loan, she plans to buy more thread, lace, and buttons. Her investment will pay off because her shop is very well located, in the very centre of Malambo, which is the commercial area of the town. She has many customers, both educational institutions and individual customers.
View original language description ↓
Leticia desde Malambo dice a sus prestamistas de Kiva “Gracias por ayudar a cumplir los sueños de crecimiento de mi negocio” y esto es justamente porque le ha ido muy bien y quiere continuar creciendo en él. Con su anterior credikiva compró telas, encajes, correderas, y en general materias primas e insumos de confección y para elaborar prendas en bisutería. Con su anterior credikiva logró cumplir con sus pedidos de uniformes y surtir mejor su miscelánea. Ahora planea con el financiamiento de Kiva, comprar un mayor número de hilos, encajes y botones. Su inversión tendrá éxito pues está bien ubicada en pleno centro de Malambo, zona comercial del municipio, donde ella goza de una buena clientela, que la complementan instituciones educativas y muchos clientes particulares.

Previous Loan Details

Leticia lives in the center of Malambo, a municipality in the metropolitan area of the city of Barranquilla. It is located 5km from the city's airport, next to the towns of Soledad, Sabanagrande, and Santo Tomás. It has a unique social composition, due to the fact that its inhabitants are a mix ... More from Leticia Del Carmen'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
  • 499
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,818.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Leticia Del Carmen to buy more thread, lace, and buttons.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Aug 30, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013