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Wendy

Update on Wendy

Wendy used her previous loan to buy hairdressing supplies such as shampoos and products that customers normally request.

Wendy would like another loan to buy more products from catalogs to sell to her clients and to use in her services offered in her salon. Her message to the Kiva lenders is the following: “Thanks to support from you, I have been able to grow my business and my number of clients in growing every day because now I have the capital necessary to operate my business.”
View original language description ↓
Wendy usó su credikiva anterior para comprar insumos de peluquería, como shampoos, y productos que sus clientes normalmente la piden. Wendy quiere otro crédito para comprar más productos por catálogo para vender a sus clientes, y para utilizar en sus servicios estilísticos que ofrece en su peluquería. Su mensaje a los financiadores de Kiva es el siguiente: “Gracias al apoyo brindado por ustedes, he podido hacer crecer mi negocio y la cobertura de clientes es cada día mayor, ya que tengo el capital necesario para la operación de mi negocio.”

Previous Loan Details

Wendy is 31 years old and she lives in the southern part of the city with her three children, who range from five to thirteen years old. Her idea for her business came about when she graduated from high school and she attended a cosmetology academy. She gained her experience working in a hair s... More from Wendy'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
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,265,400
    Funds lent in using Kiva
  • 1,800.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Wendy to buy hairdressing supplies such as shampoos and products that her clients typically request.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Oct 7, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013
This photo was used before for a previous loan for Wendy. It was first posted on Kiva on Mar, 2012. Learn More