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Grece Lorena

Update on Grece Lorena

With the previous loan, Grece bought many items to stock her general store, including school supplies, underwear, outerwear, baby clothes, women's and men's clothing, cologne, beauty creams, and feminine accessories, with which she has done very well.

Today, she is applying for a new loan to achieve her goal of making improvements to her home, expanding the space and thereby giving her family a more comfortable environment to live in. She is thankful for the help she has received and for the noble work of lending support to hardworking people of humble means around the world.
View original language description ↓
Anteriormente con su credikiva Grece compró muchos articulos con los cuales surtió su miscelanea de utiles escolares, ropa interior exterior e infantil, femenina y masculina, colonias, cremas y accesorios femeninos, con los que le fue muy bien; Hoy está aplicando aun nuevo finaciamiento para cumplir su meta hacer adecuaciones a su vivienda, ampliando los espacios y de esta manera lograr para ella y su familia un ambiente confortable . Ella agradece la ayuda recibida y los felicita por la noble labor de apoyar gente humilde y trabajadora en todo el mundo. "

Previous Loan Details

With her previous Kiva loan, Grece bought baby clothes, shoes for school and toys that she sold quickly and made money on. It went really well for her and, consequently, for her family. That’s why she is now requesting a new loan so she can prepare for the new school season. Mothers have already ... More from Grece Lorena'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
  • 296
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,822.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,650 helped Grece Lorena to remodel her house.
98% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015