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Update on Stephany

Thank you for supporting Stephany with her brick-making business. She invested the previous Kiva loan in the purchase of raw materials and supplies, and also molds used to make window coverings. With this credit, she improved her business. She succeeded in increasing her purchases and thus her production, generating more income and better sales. Now her sales have increased she has improved her standard of living.

Stephany is now applying for a new loan from Kiva so that she can buy molds of different styles, to make repairs, and to buy more raw materials. Stephany wants to deliver the following message to all the people that funded her loan: "Thank you for the amazing opportunity, and I have improved the financial situation of my household."
View original language description ↓
Gracias por apoyar a Stephany con su negocio de Fabricación de Bloques. Ella invirtió su anterior crédito de Kiva en la compró materias primas e insumos y moldes para fabricar persianas; con ese crédito, ha avanzado en su negocio. Logró incrementar sus compras y así su producción, generando mayores ingresos y mayores ventas. Ahora se han incrementado las ventas y sus utilidades, aumentando su nivel de vida. En la actualidad está aplicando a un nuevo credikiva, para comprar moldes de diferentes estilos, hará mejoras locativas y comprará mucho mas materias primas. Stephany quiere decir el siguiente mensaje a sus financiadores: ''Gracias por la oportunidad brindada, así mejoré la sostenibilidad económica en el hogar''

Previous Loan Details

Stephany is 19 years old and has a business that makes cement blocks and also cement blinds and screens, which by tradition has passed from her grandfather, to her father, and now to her. She is determined to make it grow because it has been important for providing for the whole family. Her main ... More from Stephany'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
  • 375
    View loans »
    Colombia Loans Fundraising
  • $16,230,175
    Funds lent in using Kiva
  • 1,817.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Stephany to buy different styles of molds, to make repairs, and to buy more raw materials.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 22, 2012
Nov 11, 2012
Currency Exchange Loss:
Oct 18, 2013
This photo was used before for a previous loan for Stephany. It was first posted on Kiva on Sep, 2011. Learn More