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Update on Cindy

Cindy invested her previous loan in candies, catalog products, and fabrics for making purses, and with it her sales and profits increased. Now she is applying for a new Kiva loan that she will invest in sandals, purses for women, and candies. She is enthusiastic and feels certain that her investment will be successful, because there is a great demand on the part of her customers, with whom she has had excellent experience. "Thanks to the loan received, with it I was able to achieve my goals as a businesswoman to increase my income." This is a message that she wants to send to the Kiva lenders.
View original language description ↓
Cindy invirtió su crédito anterior en dulces, productos por catálogo, telas para elaborar bolsas y con ello se aumentaron las ventas y las utilidades; Ahora está aplicando a un nuevo credikiva que invertirá en sandalias y bolsos para dama y dulces; ella es entusiasta y se siente segura que su inversión será exitosa, porque hay gran demanda por parte de sus clientes con los cuales ha tenido experiencias excelentes. “Gracias por el préstamo recibido, con él pude cumplir mis metas como comerciante al incrementar mis ingresos” este es un mensaje que ella desea enviar a sus financiadores de Kiva.

Previous Loan Details

Cindy, 19, is a university student majoring in public accounting. She’s a young woman with big dreams and she works daily to make them reality. She’s enthusiastic and enterprising and has shown her great commercial gifts since she was a little girl first selling candy to her classmates and now ... More from Cindy'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
  • 420
    View loans »
    Colombia Loans Fundraising
  • $16,316,100
    Funds lent in using Kiva
  • 1,804.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Cindy to invest in sandals, women's purses, and candies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 27, 2012
Sep 24, 2012
Currency Exchange Loss:
Oct 18, 2013