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Nelis Beatriz

Update on Nelis Beatriz

Nelly bought drinks and general stock with which she stocked her store thanks to her Kiva loan. She was very happy because she increased her sales and as a result her stock rotation. Presently she is preparing to receive a new Kiva loan and with this she will buy beer in greater volume in order to have stock readily available. It is a highly profitable product which rotates weekly and in high quantities. Her message to Kiva lenders is the following: "Thank you for everything. I was very happy with my loan."
View original language description ↓
Nelly compró mecatos refrescos y mercancía en general, con la que surtió su negocio y esto fue gracias a su credikiva; ella estuvo muy satisfecha porque aumentó sus ventas y con ello su rotación de inventarios. En la actualidad está preparándose para acceder a un nuevo credikiva y con él comprará cervezas en mayor volumen para tener un Stock disponible, pues es un producto de mayor rentabilidad que rota semanalmente y en un volumen importante. Su mensaje a los financiadores de Kiva es el siguiente: “ Gracias por todo quedé encantada con mi crédito”

Previous Loan Details

Nelis is 43 years old and lives with her two children, aged 16 and 21 years old. She owns a school store where she sells soft drinks and packed lunches. She initiated the business with her savings and also with the support of the educational institute at which her son studies. This support afford... More from Nelis Beatriz'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
  • 356
    View loans »
    Colombia Loans Fundraising
  • $15,654,750
    Funds lent in using Kiva
  • 1,828.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Nelis Beatriz to buy beer in greater quantity to stock her store.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Aug 30, 2012
Sep 12, 2012
Currency Exchange Loss:
Apr 16, 2014
This photo was used before for a previous loan for Nelis Beatriz. It was first posted on Kiva on Sep, 2011. Learn More