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Maria Arinda

Update on Maria Arinda

We went to visit Maria and she told us that the investment of her Kiva loan in her business steadied her tamale production, and with it she was able to increase her sales and likewise increase the number of customers. She brought her family together and with her profits she was able to make repairs to her home, since it didn't have concrete floors. She built walls and a roof, which in the future will serve as a base to make a second floor.

Once these adaptations had been made, she could have her business in her own home and she stopped paying rent and this makes her feel very happy. Her current sales average 150 to 200 tamales. Her customers ask for more every day and she has a sales potential which she would like to approach, but her working capital does not yet permit it. For this reason she is thinking that with a new Kiva loan she will do it little by little. She says it will be new aid, to continue with the expansion of her business in the marketplace and to help with the fulfillment of her customers' orders which have not yet gotten her response.

With her Kiva loan she will buy supplies and raw materials wholesale. She wants to achieve her goal of business growth, which she dreams of. Her message to those who provide financing through Kiva is this: "I want to thank you for the vote of confidence, your support, and the help in fulfilling my dream of working as an independent person. In this moment you are participants in this dream and with your help I will have the opportunity to go forward and become a great producer of tamales. Thank you, through this noble work I have brought my family forward, offering them a better quality of Life. Thank you."
View original language description ↓
Fuimos a visitar a Maria y ella nos dijo que la inversión de su credikiva en su negocio afianzó la producción de sus tamales y con ello logró incrementar sus ventas, que así mismo aumentó el número de sus clientes. Ella junto a su familia y con sus utilidades, pudo hacer arreglos a su vivienda, pues no tenia pisos de concreto, levantó muros y una cubierta que a futuro servirán de base, para hacer su segundo piso. Justamente con estas adecuaciones realizadas, ya puede tener su negocio en su propia casa y dejó de pagar arriendo y esto la hace sentirse muy feliz. Sus ventas en la actualidad están en un promedio de 150 a 200 tamales, sus clientes cada día solicitan mas y ella tiene un potencial de ventas importante que le gustaría abordar, pero su capital de trabajo aun no se lo permite, por eso piensa que con su nuevo credikiva lo hará y poco a poco, pues dice que será una nueva ayuda, para continuar con la expansión de su negocio en el mercado y con el cumplimiento de los pedidos a clientes que no han obtenido su respuesta. Ella con su credikiva comprará insumos y materias primas en mayor volumen, pues desea lograr su meta de crecimiento empresarial, con la que sueña. Su mensaje a los financiadores de Kiva es el siguiente: “Quiero agradecer el voto de confianza su apoyo y la ayuda a realizar, cumpliendo mi sueño de trabajar como independiente. En este momento ustedes son participes de este sueño y con su ayuda tendré la oportunidad de seguir adelante y en convertirme en una gran productora de mis tamales. Gracias por esta noble labor he sacado adelante a mi familia, bridándoles una mejor calidad de Vida. Gracias”

Previous Loan Details

Maria is a single woman. Her family consists of her two children (ages 14 and 22) and she dreams of seeing them become successful professionals. Ten years ago, Maria acted on her idea of starting a business. She sells tamales and has gradually achieved a good market that includes restaurants a... More from Maria Arinda'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
  • 495
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,828.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Maria Arinda buy supplies and raw materials wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013