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Update on Ruby

With her Kiva loan, Ruby bought a display case and stocked it with cell phones and cell phone accessories. This merchandise has turned over quickly, attracted many more customers and given her the opportunity to reinvest and improve her earnings. With the Christmas and New Year holidays approaching, sales of these products increase, and she needs to increase her inventory in order to meet customer demand. For this reason, she is requesting a Kiva loan with which she will buy a new display case and greater quantities of cell phone accessories, which generate more income for her.

Ruby sends this message to Kiva lenders: “We are grateful for the collaboration of all those who supported us, because thanks to the loan our business has grown little by little.”
View original language description ↓
Con su credikiva, Ruby compró una vitrina y la surtió de accesorios y celulares, mercancía que ha rotado rápidamente, ha generado muchos mas clientes y le da la oportunidad de reinvertir y ganar un poco mas. Se acercan las fiestas de navidad y año nuevo, temporada en la cual las ventas de estos productos se incrementan y necesita está dispuesta a vender lo que sus clientela necesita; esta es la razón por la cual acude a un credikiva con el cual comprará una nueva vitrina exhibidora y en mayor volumen accesorios para celulares que le generan mas ingresos. Ella envía un mensaje a los finaciadores de Kiva " Agradecemos la colaboración a todas las personas que nos apoyaron, porque gracias al crédito el negocio ha crecido poco a poco."

Previous Loan Details

Ruby, 51, has a 30-year-old son and lives with her family in the south of the city. She has a business in which she offers Internet services and also sells a variety of merchandise. In her merchandise business she promotes her products via catalogues, which often have offers that her customers ... More from Ruby'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
  • 374
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,794.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Ruby to buy a new display case and to buy cell phone accessories in larger quantities.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 29, 2012
Dec 19, 2012
Currency Exchange Loss:
Oct 18, 2013
This photo was used before for a previous loan for Ruby. It was first posted on Kiva on Apr, 2012. Learn More