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Update on Piedad

Piedad sold a lot of merchandise through brochures and catalogs and she was able to do this thanks to her previous Kiva loan. Her customers responded to this investment and took home perfumes, hair products, women’s accessories, and shoes purchased on credit from Piedad’s business. Now she is asking for a new Kiva loan with which she will buy hair products, perfumes, shoes and ladies’ accessories so that she can respond to the end of year demand, which is her busiest time of year. She needs to be prepared with a good inventory so that she will not be short of what her customers need. Her message to the Kiva lenders is, “May life provide many nice things for you for thinking about helping those in need, because he who is generous is just.”
View original language description ↓
Mucha mercancía fue la que vendió Piedad, mediante guías especializadas de productos o catálogos, y ello lo logró gracias a su anterior credikiva. Con esa inversión , dio respuesta a sus clientes, quienes llevaron a su casa perfumes, productos capilares, accesorios femeninos y calzado comprados a crédito en el negocio de Piedad. Hoy está aplicando a un nuevo credikiva, con el cual comprará productos capilares, perfumería, calzado y accesorios femeninos, para una vez más, responder a la demanda de fin de año, que es la mayor de toda la temporada y debe prepararse con buenos inventarios, para que no falte lo que su clientela requiera. Su mensaje a los financiadores de Kiva es el siguiente: “ Que la vida los colme de muchas cosas, bonitas por pensar en ayudar a los más necesitados Porque “quien es generoso es más que justo

Previous Loan Details

Piedad, with her previous CrediKiva, purchased merchandise in order to attend to her customers' orders without depending on the advances or initial fees that her customers usually provided and this made her very happy. Now, she proposes to access a new loan with which she will purchase merchandis... More from Piedad'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
  • 367
    View loans »
    Colombia Loans Fundraising
  • $15,626,850
    Funds lent in using Kiva
  • 1,797.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Piedad to by inventory.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Dec 18, 2012
Currency Exchange Loss:
Jul 17, 2014
This photo was used before for a previous loan for Piedad. It was first posted on Kiva on Dec, 2011. Learn More