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Maria

Update on Maria

María’s business is selling hulled corn in the market. She used her previous loan to buy more corn to hull and sell to her customers. At that time, corn was scarce and it was very important for her to retain her customers by providing them with corn. She’s now requesting a new Kiva loan to buy more corn to be ready for crisis times or for when it’s scarce.

She wants to say the following to her lenders: that she’s very grateful for the loans and she’s working towards being able to get higher amounts so that she can comfortably work with just this entity.
View original language description ↓
El negocio de María es la venta de maíz trillado en el mercado, y ella usó su crédito anterior para comprar maíz para trillar y vender a sus clientes. En ese momento, él maíz estaba escaso y fue muy importante que ella mantenga su clientela con una provisión de maíz. Ella ahora está solicitando un nuevo crédito de Kiva para comprar mas maíz, para preparar para las temporadas de crisis o cuando esté escaso . Ella quiere decir lo siguiente a sus fondeadores que está muy agradecida con los créditos y que trabaja para tener un monto de crédito mas alto, para trabajar mas cómodamente con esta sola entidad.

Previous Loan Details

Maria is 45, she lives with her husband, and they have two children of ages 19 and 22. She and her husband have a corn husking machine, which they use for threshing. They sell the threshed corn and also market it whole. They learned the trade by family tradition, from their respective parents, who… More from Maria'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

  • $6,070
    Average annual income
  • 190
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Maria to buy more corn for crisis times or for when it's scarce.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Oct 12, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013