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Fanny Del Socorro

Update on Fanny Del Socorro

Fanny invested her prior credikiva loan in materials that she used to make sandals in different sizes which she sold to many more clients than usual. She invested in thin and thick soles, glues, toe covers, and platforms. Her satisfaction is greater every time as she sees what is happening with her business.

That is why today she has come back to Fundacion Mario Santo Domingo to apply for a new credikiva loan which she will use to buy 36 pairs of foot molds to improve the quality of the design and finishes of her footwear. In this way she will improve production time and will have a diverse array of raw materials and supplies for sale. Her message to Kiva lenders is that she is very grateful to the organization and, thanks to God, she has improved her income which she used to fix her home and asks that Kiva continue to support many more people.
View original language description ↓
Fanny invirtió su anterior credikiva en materiales con los cuales elaboró sandalias en diferentes tallas, que vendió a muchos más clientes que los usuales. Ella logró invertir en suelas gruesa y delgada, pegantes, capelladas y plataformas. Su satisfacción es cada vez mayor con lo que esta ocurriendo en su negocio, por eso hoy se ha acercado nuevamente a la Fundación Mario Santo Domingo, para aplicar a un nuevo credikiva con el cual comprará 36 pares de hormas, para mejorar la calidad del calzado en diseño y en acabados, así mismo mejorará los tiempos productivos y tendrá diversidad de materias primas e insumos para la venta. Su mensaje a los financiadores de Kiva es que está muy agradecida con la organización, y que gracias a Dios ha quedado bien y ha logrado mejorar sus ingresos, con los que ha arreglado su casa, y pide por eso que sigan apoyando a muchas mas personas.

Previous Loan Details

Fanny used her last Kiva loan to buy soles, glue, etc. so that she could meet the demand from her customers for the sandals that she makes. Now she wants to improve her workshop. She is applying to Kiva for a second loan that she will use to buy construction materials for the workshop plus the ... More from Fanny Del Socorro'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
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,650 helped Fanny Del Socorro to buy 36 pairs of foot molds.
99% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014