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Update on Sugei

With her previous loan, Sugey bought a photocopier for her delivery business that increased her income. Her earnings also rose because she increased her inventory and deliveries increased. As a result, she thanks all the Kiva lenders that supported her and hopes they continue helping her grow her business. She will use her next loan to buy wholesale Christmas merchandise at special discounts so that she can deliver to cities in Colombia and, once again thanks to a Kiva loan, increase her earnings.
View original language description ↓
Sugey con su anterior credikiva, compró una fotocopiadora para su negocio de servicio de transporte de cargas. Sus ingresos han aumentado por la adquisición de este equipo y su ingreso ha aumentado debido al surtido que hizo al negocio de mercancías; los despachos son mayores, por eso dice a los financiadores de Kiva: “ Mis agradecimientos a todas las personas que me han beneficiado y que siempre continúen apoyándonos para seguir adelante en mi negocio. “ Su nuevo credikiva lo invertirá en la compra de mercancía navideña al por mayor, que vino con descuentos especiales, para transportarlo a las ciudades de Colombia y aumentar una vez mas sus ganancias, por cuenta de su credikiva..

Previous Loan Details

Sugei is a 36 year old married woman who lives in the south of the city with her husband and two children, aged 9 and 15. For 8 years she has been leasing a room to a man from Bogota, who set up a transport business and suggested she work with him, since he knew that Sugei had been studying m... More from Sugei'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
  • 365
    View loans »
    Colombia Loans Fundraising
  • $15,629,950
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Sugei to buy wholesale Christmas merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 21, 2012
Nov 23, 2012
Currency Exchange Loss:
Dec 19, 2013