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Update on Iveth

Iveth bought clothes and shoes with her previous kiva loan; investing this way she notices her business growing and this is important for her, because she can improve its infrastructure, have goods in its inventories and serve her customers.

She is very happy because her husband who had been unemployed now has a job, and they can acheive the well-being goals that they both have for the family.

She is now applying for a new kiva loan, with which she will buy stationery, cards and school supplies. Her goal is to continue working especially at this year end, a time in which sales increase as all families are prepared to spend, and this is the moment to offer each of them what they need.
View original language description ↓
Iveth compró vestidos y calzados con su credikiva anterior; Así invirtiendole nota que su negocio crece y esto es importante para ella, porque puede mejorar su infraestructura, tener mercancias en sus inventarios y cumple con su clientela, lo que le representa utilidades. Está muy feliz porque su esposo que sencontraba desempleado ya tiene un empleo y es bueno para el logro de las metas de bienestar que ambos tienen para la familia. En la actualidad está aplicando aun nuevo credikiva, con el cual comprará papelería, tarjetas y utiles escolares. Su meta es continuar trabajando especialmente en este fin de año, época en la cual se incrementan las ventas pues todas las familias se disponen a gastar y este es el momento para ofrecerles lo que cada cual necesita.

Previous Loan Details

Iveth is 48 years old and lives to the south of the city with her husband and three children, who range in age from 20 to 23. She has business where she sells stationery, school supplies, and office supplies. Iveth started this business less than two years ago after having worked at a stationer... More from Iveth'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
  • 366
    View loans »
    Colombia Loans Fundraising
  • $15,629,950
    Funds lent in using Kiva
  • 1,822.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Iveth to buy stationery, cards and school supplies.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 31, 2012
Nov 16, 2012
Currency Exchange Loss:
Dec 19, 2013