Check out some available loans that are similar to this one!
Ingrid

Update on Ingrid

With her previous loan, Ingrid bought cold cuts and cheese. She stocked up and therefore increased her sales. Ever since she obtained her loan, she has been able to bring home increased earnings and thus she has improved her well-being. She's currently applying for her second loan which she'll use to purchase sweets, cold cuts and cheese. She plans to make an impact on her customers during Christmas season, since these types of food are the ones that families most often partake of on the holidays. In addition, with this loan she'll also purchase spare parts and pay for labor, because her freezer is in need of preventive maintenance. She tells her Kiva lenders: "Thank you for giving me support so I can grow and therefore support my family".
View original language description ↓
Ingrid con su anterior credikiva compró carnes frías, queso y aumentó el surtido y con ello sus ventas. Desde que recibió su crédito, ha logrado aportar mas recursos a su hogar y con ello han aumentado su bienestar. En la actualidad está aplicando aun segundo financiamiento con el cual comprará dulcería, carnes frías y queso con los cuales planea impactar a sus clientes en la época navideña, pues son los alimentos que mas comparten las familias en estas fiestas. Con el credikiva también comprará repuestos y pagará la mano de obra pues su congelador requiere mantenimiento preventivo en un segundo nivel. Ella dice a sus financiadores de Kiva: “Gracias por el apoyo para crecer y así poyar mi familia: “

Previous Loan Details

Ingrid, 39-years-old, lives to the southwest of the city with her spouse and three children who are between the ages of 7 and 11. There in her parent's home she makes a living selling cold meats and candy products. Her business was born with the capital her spouse gave her, who works in a company,… More from Ingrid'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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,852,400
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Ingrid to purchase sweets, cold cuts and cheese, and also to purchase spare parts and pay for labor in order to do maintenance on her freezer.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014