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Martha Cecilia

Update on Martha Cecilia

With her last Kiva loan, Martha bought chicken directly from farms and sold it at her business. She also bought foodstuffs such as rice, oil, coffee, and sugar. She was able to offer her good customers credit and she now has more buyers. She is currently applying for a Kiva loan to buy chicken in greater volume because Christmas and the new year are approaching and she needs to be prepared to sell more to increase her profits. She is very happy with her chicken sales because they have increased, as well as her grocery sales, and she thanks Kiva's lenders and Fundación Mario Santo Domingo, as she tells us that if it were not for these organizations, she would be working for loan sharks and making less money.
View original language description ↓
Martha con su anterior credikiva compró pollo directamente en las granjas y y los vendió en su negocio , tambien compró víveres como arroz, aceite café, azucar; ella pudo ofrecer créitos a buenos clientes y hoy tiene mas compradores. En la actualidad está aplicando a un creidkdiva, mediante el cual comprará pollo en un mayor volumen, porque se acercan las navidades y el año nuevo y ella debe estar dispuesta a vender mas para aumentar sus ingresos. Está muy satisfecha con la venta de pollos, porque ha aumentado y ahora volvera a comprar este producto y víveres tambien; por eso agradece a los financiadores de Kiva y a la Fundación Mario Santo Domingo, pues dice que si no fuera por estas organizaciones ella estaría trabajando para los pagadiarios y ganando menos dinero.

Previous Loan Details

Martha is 40 years old and is a hardworking woman with a family of six children between the ages of 24 and 6. She generates her family income through her drink and grocery business. When she began her entrepreneurial adventure in San Jacinto, located within the Bolvar province, she began by s... More from Martha 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

  • $11,100
    Average annual income
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,761.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $825 helped Martha Cecilia to purchase chicken and groceries.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 8, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Martha Cecilia. It was first posted on Kiva on Dec, 2011. Learn More