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Leydi

Update on Leydi

Leydi used her previous loan to buy a variety of merchandise through her specialized product guides and sold everything quickly because she invested in pre-existing orders and had a Kiva loan on hand to help her achieve her goal. She is now getting ready for the best commercial season of the year: the month of December. This month is full of family celebrations on which her customers spend a lot of money so that they can enjoy the season with their families and consume the products that Leydi sells such as perfumes, colognes, face creams, body creams and other personal care items. It is with this in mind that Leydi is applying for a new Kiva loan. She does not have enough working capital to meet her demand and so she will use her loan to buy all the products necessary to satisfy her customers' needs and wishes. She sends the following message to Kiva lenders: "Thank you for your support. I hope that they continue developing this type of aid program for low income micro-businesspeople in Colombia".
View original language description ↓
Leydi compró mercancía variada, mediante sus guías especializadas de productos y las vendió rápidamente, porque su inversión la hizo sobre pedido y porque tuvo un credikiva a la mano para lograrlo. Hoy se prepara para atender la mejor época comercial del año y es el mes de Diciembre, que llega con todas las festividades familiares, en las que su clientela gasta mucho dinero, para hacer esta celebración en familia y consume justamente los productos que vende Leydi, como perfumería, colonias, cremas faciales y corporales, artículos de aseo personal entre otros.Esta es la razón por la cual acude a un nuevo credikiva, porque su capital de trabajo no es suficiente para responder a su demanda, por eso comprará nuevamente todos estos articulos para satisfacer las necesidades y deseos de su clientela. Ella envía el siguiente mensaje a los finaciadores de Kiva :" !Gracias! por su apoyo, así mismo deseo que sigan desarrollando estos programas de ayuda, para los microempresarios de bajos recursos en Colombia"

Previous Loan Details

Leydi is 18 years old and lives in Puerto Colombia, a municipality on the shore of the Caribbean ocean and very close to the city of Barranquilla. Leydi is a high school graduate, but could not continue her education. For this reason, she decided to embark on her entrepreneurial idea of selling... More from Leydi'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
  • 245
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,794.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Leydi to buy perfumes, colognes, face creams, body creams and other personal care items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Dec 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Leydi. It was first posted on Kiva on Mar, 2012. Learn More