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Maria Esperanza

Update on Maria Esperanza

With her previous loan Maria bought thread, buttons, fabric, collars, cuffs, clasps and plush. She met her orders in a timely fashion and that was because of Kiva. Maria gives thanks to her lenders, because with their support they're helping several families to build a better future. She's currently requesting a new loan which she'll use to purchase supplies for making plush dolls that her customers have ordered as an addition to their daughters' Christmas gifts. She'll also purchase a filleting machine so she can improve production time and perfect the quality of her products. That way she'll increase her working capital and obtain better profits during this holiday season, so that she can celebrate the approaching Christmas festivities with many presents for her family.
View original language description ↓
Maria con su anterior crédito compró hilos, botones telas cuellos puños broches y felpa y respondió oportunamente a los pedidos y eso fue gracias a Kiva. Maria dice a sus financiadores que gracias pues con su apoyo están apoyando a muchas familias a construir un mejor futuro. En la actualidad está aplicando a un nuevo crédito, con el cual comprará materiales para elaborar muñecos de felpa que le han pedido sus clientes, para acompañar los regalos de navidad de sus hijas; así mismo comprará una fileteadora para mejorar los tiempos productivos y perfeccionar la calidad de sus productos. Con ello aumentará su capital de trabajo y estará adquiriendo mayores ingresos en época de fiesta, para hacer las celebraciones de las festividades navideñas que llegan con muchos regalos para su familia.

Previous Loan Details

Maria Esperanza is 53 years old. She is married and has two children, ages 17 and 22. She lives in “Ciudadela Metropolitana”, a neighborhood located in the municipality of Soledad, where Fundación Mario Santo Domingo is working to help develop the community. Maria Esperanza has her own business, ... More from Maria Esperanza'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
  • 236
    View loans »
    Colombia Loans Fundraising
  • $13,363,950
    Funds lent in using Kiva
  • 1,797.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Maria Esperanza to purchase fabric, thread and sewing materials.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2012
Listed
Dec 18, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Maria Esperanza. It was first posted on Kiva on Apr, 2011. Learn More