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Saidi

Update on Saidi

Saidi with her previous Kiva credit purchased cosmetics and general perfumes, which grew capital for her business. Her sales increased and she earned a bit more money. She is very happy because she married and her life has changed for the better, in her personal and professional life. For this she thanks God that she had the opportunity to obtain a Kiva loan.

With the loan she will purchase cosmetic products once again and personal bathroom items that will strengthen her entrepreneurial initiative and continue to generate much more income. Each time sales will contribute to increase her well-being.
View original language description ↓
Saidi con su previo credikiva compró cosméticos, perfumería en general, con lo cual hizo crecer su capital de trabajo, se incrementaron sus ventas y ganó un poco mas de dinero. Ella está muy feliz porque contrajo matrimonio y su vida ha cambiado positivamente, en su vida personal y en su negocio, por eso da gracias a Dios que le dio la oportunidad de obtener un credikiva, con el que comprar nuevamente productos cosméticos y de aseo personal, para que su iniciativa empresarial se vea una vez mas fortalecida y continúe generando mucho mas ingresos, que contribuyan a incrementar cada vez mas su bienestar.



Previous Loan Details

Saidi is 29, and lives in the La Pradera neighborhood with her parents and younger sister. She sells catalogue products and a variety of merchandise, such as jeans, t-shirts, blouses, sandals, and other things. She sells products through specialized guides from four cosmetic and clothing companie... More from Saidi'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
  • $15,259,900
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Saidi to purchase cosmetic and bathroom products.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 18, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 28, 2014
This photo was used before for a previous loan for Saidi. It was first posted on Kiva on Nov, 2011. Learn More