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Delfina

Update on Delfina

With her last loan Delfina bought supplies and items that she uses for new shoe designs. She also bought merchandise that she sold and with that earned a little more money. She is currently applying for a new CrediKiva loan to purchase soles, heels, dyes, glue, and buckles. She also will buy some food products to sell in her hut. Her message to Kiva supporters is the following, “we are very grateful and if you can continue helping us, please do so”.
View original language description ↓
Delfina con su anterior crédito compró materias primas e insumos con los cuales desarrolló nuevos diseños de calzado y compró mercancia variada que vendió y con la cual ganó un poco mas de dinero. En la actualidad está aplicando a un nuevo credikiva, para invertirlo en suelas, tapas, tinta, pegantes y hebillas, además de productos alimenticios para vender en su chaza. Su mensaje a los finaciadores de Kiva es el siguiente: " Estamos muy agradecidos y si pueden seguir ayudandonos que por favor lo hagan"

Previous Loan Details

Delfina is 57 years old and lives in the city of Cartagena. She has a shoe shop that she started more than 10 years ago. Her business was initially located in the central part of the city. The government provided her support so that she could become a street vendor and purchase machines for pr... More from Delfina'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
  • 557
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,817.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Delfina to buy soles, heels, dyes, glue, and buckles as well as food products.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 15, 2012
Listed
Aug 31, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014
This photo was used before for a previous loan for Delfina. It was first posted on Kiva on Sep, 2011. Learn More