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Update on Ana

With her previous Kiva loan Ana made improvements to her home, especially to the bathrooms. She also bought raw materials and supplies for pastries and prepared a lot of dough with corn, which she sold quickly and at good prices. Her sales have increased and her life is calm, because she does not give credit to unreliable people which was costly for her before and did not allow her business to be profitable enough. She now needs a Kiva loan once again to invest in a greater volume than usual of raw materials, because the New Year's holiday is approaching and a large volume of orders is arriving. She will also use the Kiva loan to have preventive maintenance done on her machines. Her success is rooted in her capacity for work and in her customers, the number of which increases every time due to her sense of responsibility and the quality of her work.
View original language description ↓
Con su anterior credikiva, Ana hizo adecuaciones a su vivienda, especialmente dirigida a los baños. Así mismo con este compró materias primas e inumos por bultos y preparó mucha masa con maíz pilado, la cual vendió oportunamente y a precios competitivos. Su negocio ha crecido en ventas y su vida está tranquila, porque no hace créditos a personas informales que le resultaban costosos y no la dejaban tener mas utilidades en su negocio. En la actualidad necesita una vez mas, un cedikiva para invertir en mayor volumen que el acostumbrado en materias primas, pues se acercan las fiestas de fin de año y los pedidos llegan en grandes volumenes. Tambien con su credikiva, hará mantenimiento preventivo a sus maquinarias y su éxito radica en su capaicdad de trabajo y en la clientela, la que cada vez mas crece a consecuencia de su sentido de responsbilidad y la calidad con la que trabaja.

Previous Loan Details

With her previous Kiva loan, Ana bought raw materials and supplies, and also bought cooking utensils which are indispensable to the safe handling of food and which allow her to work more efficiently. At the moment she is preparing to receive another Kiva loan. She will buy a larger quantity o... More from Ana'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
  • 352
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Ana to buy corn for pastries.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Jan 1, 2013
Currency Exchange Loss:
Jan 17, 2014