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Tule

Update on Tule

Tule bought the supplies and materials she needed to produce the school uniforms ordered by her institutional clients. She was able to find the time to make other school and sports clothing. In her business there is a great variety of merchandise, including clothing and accessories, beauty products, etc. Tule says her business has grown this way thanks to her loans from Kiva.

She sends a thankful message to Kiva lenders for the great support Kiva has given her through her previous loans. This time, Tule is requesting a loan to stock her store with various discounted products that she has found in her catalogs as well as underwear.
View original language description ↓
Tule compró insumos y materias primas conlas que fabricó uniformes en el marco de pedidos de su clientela institucional. Ella pudo sacar a tiempo la producción de vestidos escolares y deportivos. En su negocio hay gran variedad y agregó mercancia que combinan con la ropa que leabora, como accesorios, productos de belleza etc y esto es gracias a su credikiva. Su mensaje a los finaciadores es Muy agradecida por el inmenso apoyo recibido por Kiva en los créditos que le ha aprobado. Su nuevo crédikiva, al que ahora aplica, lo invertira en mercancia variada, productos que ofrece sus catalogos con buenos descuentos y en ropa interior.

Previous Loan Details

Tule is a woman who is very well-organized. She plans everything she does and is successfully getting ahead together with her 18-year-old son. She wants him to be a good citizen, family member, and hard worker, but mainly a good person who knows he can count on his father and mother. Tule is... More from Tule'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
  • 502
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Tule to buy underwear and various discounted catalog products to sell.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 27, 2012
Listed
Dec 27, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014