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Ana

Update on Ana

Ana with her previous Kiva credit purchased juice and soft drinks in addition to towels, sheets, tablecloths, and shoes to resell. With her credit she grew her business in other product lines and she is satisfying her current demand. The end of the year is coming and her working capital is not sufficient to respond to the seasonal demand for more sales and inventory turnover. She is now planning to request a new loan to buy soft drinks, shoes, and household products requested by her market segment. Her investment will be successful because she has a fixed clientele that are very faithful customers that can support her loan responsibilities. The return on this loan is a safe investment. She wants to tell her financers: “as in previous occasions, I am grateful for the trust placed in me and you can be sure I will not betray that trust.”
View original language description ↓
Ana con su previo credikiva compró jugos y refrescos en general además de toallas, sabanas, manteles y calzado por encargo. Con su credikiva amplió su negocio en otras líneas de productos y está satisfecha atendiendo la demanda existente. Se acerca el fin de año y su capital d etrabajo no resulta suficiente para responder a esta época en las cuales sus productos ptresentan un amyor movimiento en las ventas. Ahora planea acceder un nuevo credikiva y con el comprará refrescos y bebidas, calzado y productos domésticos que han sido solicitado por su segmento de mercado. Su inversión tendrá exito porque cuenta con clientes fijos, tradicionales que pagan muy bien y por eso a ellos le sirve con céditos, ubicando su inversión en un rango de recuperación segura. Ella dice a sus finaciadores: Como en ocasiones anteriores, agradezco la confianza en mi y pueden estar seguros que no los defraudaré."

Previous Loan Details

Ana, age 53, lives in the central zone of Barranquilla with her husband and three children between the ages of 18 and 31. There she has a business where she sells varied merchandise, as well as a drink store. The Fundacion Mario Santo Domingo has supported both of these business through loans for... More from Ana'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
  • 560
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Ana to purchase soft drinks, drinks, shoes and household goods.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 29, 2012
Listed
Oct 20, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014