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Ingrid Sagrario

Update on Ingrid Sagrario

Ingrid bought boxes of beers which she chilled and sold, increasing her working capital. Today, she is preparing for the holiday season and requires much more stock for her business. For this reason, she is turning to Kiva before the demand for these products increases, and she does not have sufficient funds or time to get more product during the holidays.

With her new Kiva loan, she plans to buy a large volume of beers and sell not only at retail, but also wholesale. Your investment to Kiva will be successful because she is adjusting to seasonal demand, knows the market, and has real buyers that have already commissioned soft drinks and beers.

She is very satisfied with her business because it has grown with the financing and her hard work, improving the quality of life for her and her children. In her message to the financiers, she said she appreciates that they have lent money for her to work better at such a low cost.
View original language description ↓
Ingrid compró cajas de cervezas con las que surtió su punto frio y vendió, aumentando su utilidad con ese nuevo capital de trabajo. Hoy se prepara para la época decembrina y requiere tener mucho más surtido su negocio, por eso acude a un credikiva, pues ante la demanda potencial de estos productos, su dinero se torna insuficiente para responder a su mercado y distribuir entre las unidades de negocios, que no tengan suficientes productos, cuando lleguen las fiestas. Con su nuevo credikiva planea comprar un mayor volumen de cervezas, y vender no solo al detal sino también al por mayor. Su inversión del credikiva será exitosa porque la aplica ajustada a la demanda de la época, conoce su mercado y tiene compradores reales que ya le han encargado refrescos y cervezas. Ella con su negocio está muy satisfecha porque ha crecido con los financiamientos y su trabajo efectivo, mejorando la calidad de vida de si misma y de sus hijos. En su mensaje a los financiadores dice agradece que le hayan prestado el dinero para trabajar mejor y a un bajo costo.

Previous Loan Details

38-year-old Ingrid lives in 7 de Abril neighborhood with her three children who are between 8 and 15 years old. She has been making income through her business selling drinks, both by the crate and individually, for the past eight years. She has a cold storage space in her home which she has wo... More from Ingrid Sagrario'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
  • 247
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,797.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,675 helped Ingrid Sagrario
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 27, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014