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Rosa Del Carmen

Update on Rosa Del Carmen

Rosa multiplied her Kiva loan because she was able to pay invoices for merchandise she bought at a good price because she paid in cash. She is preparing for the holiday season and New Year and is asking for a new Kiva loan because her lack of working capital is a challenge; her customer requests are greater than usual. She will use the money to buy various types of merchandise to fill her customers’ requests. Rosa says to her Kiva lenders, “Thank you and may God bless you, for you are doing good work with me and other persons.”
View original language description ↓
Rosa multiplicó la inversión de su credikiva, porque pudo pagar facturas y compró mercancia a un buen precio porque lo hizo de contado. Ella está preparandose para las navidades y el año nuevo y por eso aplica a un nuevo creidkiva, porque su capital de trabajo se vuelve un desafio debido a que sus pedidos son superiores que lo usual. Con su credikiva comprará articulos y mercancias variadas en el marco de las solicitudes de pedidos que han hecho a ella su clientela. Rosa Dice a sus financiadores de Kiva: "Gracias Dios los bendiga porque están haciendo una obra muy buena conmigo y con otras personas.

Previous Loan Details

Rosa started working independently selling fabric, shoes and bags as she has always liked working independently and managing her own money. Her customers were her neighbors and her closest friends who have gradually recommended her to a lot more people. As a result, she has managed to achieve a... More from Rosa Del Carmen'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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,777.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,700 helped Rosa Del Carmen to buy merchandise.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 29, 2012
Dec 26, 2012
Currency Exchange Loss:
Jul 17, 2014