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Mara Cecilia

Update on Mara Cecilia

Mara used her previous Kiva loan to buy raw materials to offer diverse, delicious dishes in her restaurant; she sold out quickly and the business grew. Now, her income is higher thanks to the sales. She’s currently applying for a new Kiva loan to buy raw materials and kitchen utensils to cook new dishes because she must be ready with dishes proper for the upcoming Christmas and New Year’s season. She’s very grateful to Kiva lenders and says: “Thanks for the support provided.”
View original language description ↓
Con su anterior credikiva, Mara compró materias primas para ofrecer en su restaurante diversas y deliciosas comidas que vendió muy pronto.su negocio experimentó crecimiento y tiene mas ingresos por las ventas. En la actualidad está aplicando a un nuevo creidkiva, con el cual comprará materias primas e implementos para cocinar nuevos platos de comida, en la temporada que se acerca en la cual debe desplegar una oferta de acuerdo con las festividades navideñas y de fin de año. Ella está muy agradecida con los finaciadores de Kiva y dice "Gracias por el apoyo brindado"

Previous Loan Details

Mara, 43, is going to receive her 2nd Kiva loan and is very satisfied because with the first loan she bought meat and general provisions in greater volume and increased her sales of food, especially at breakfast and dinner time. Now with her new loan she will buy plastic tables and chairs to… More from Mara Cecilia'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
  • 180
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Mara Cecilia to buy ingredients and kitchen utensils.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Dec 28, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014