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Carmen Cecilia

Update on Carmen Cecilia

Carmen used her previous Kiva loan to buy an industrial filleting machine, fabric, thread, zippers, buttons, etc. Carmen says that the previous loan was a great help so that the clothing would have excellent finishing touches and her customers would be very satisfied. This has opened new markets for her. Since receiving her Kiva loan her sales have increased and her financial situation has improved. Now she wants to improve her productivity so she needs an industrial recovering machine, ideal for making sleeves and pants. Her Kiva loan will be a success because she will be able to increase quality and diversify her products more. Her message to the Kiva lenders is, “I’m grateful to those who lend to us, the small businesses, and I hope you continue doing this wonderful work.”
View original language description ↓
Carmen con su anterior credikiva compró una fileteadora industrial, telas, hilos, correderas, botones etc. Carmen dice que su anterior financiamiento fue de gran ayuda, para que las prendas tuvieran un excelente acabado y sus clientes se sintieran muy satisfechos, lo cual le ha abierto nuevos mercados. Desde que recibió su credikiva sus ventas han aumentado y han mejorado su situación económica. En la actualidad quiere mejorar su productividad y por eso necesita una máquina recubridora de uso industrial, ideal para la costura de mangas y pantalones. Su credikiva tendrá éxito porque con él aumentará la calidad de sus costuras y su diversificación de productos se incrmentará. Su mensaje a los finaciadores de Kiva es el siguiente: " Agradecida con las personas que nos prestan a nosotros los pequeños comerciantes y deseo que sigan con esta linda labor. "

Previous Loan Details

Carmen lives in the south of the city in a very cheerful, popular neighborhood with her 35-year-old daughter. She carries out her clothes making and selling business there, an activity she’s been associated with since she was 14 years old when she learned it from her step-mother and later took c... More from Carmen 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
  • 493
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,761.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,150 helped Carmen Cecilia to buy a recovering machine.
99% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Dec 26, 2012
Jan 4, 2013
Currency Exchange Loss:
Aug 17, 2014