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Maribel

Update on Maribel

With her Kiva loan Marible bought beauty products and clothes, which she used to win over new customers. This is why her sales increased, she has more customers, and she has improved her income.

She says to her Kiva lenders, “Thank you for opening the doors for me and giving me a loan. I ask you to continue helping hard-working people so that they will prosper.”

She is currently applying for a new Kiva loan. She will use it to buy school clothes and beauty products, which her customers have ordered. This is what will make her Kiva loan a complete success.
View original language description ↓
Maribel con su credikiva, compró productos de belleza y ropa con los cuales conquistó a sus clientes, por eso sus ventas aumentaron, su clientela es mayor y ha mejorado sus ingresos. Ella dice a sus financiadoras: “Gracias a ustedes por abrirme las puertas para darme un crédito y les pido que continúen ayudando a la gente trabajadora para que prosperen. “ En la actualidad está aplicando a un nuevo financiamiento por Kiva, con le cual comprará ropa escolar y productos de belleza, que han sido encargado por sus clientes y esto es lo que hace que su credikiva sea todo un éxito.

Previous Loan Details

Maribel, age 42, lives in a neighborhood located in the south of the city with her husband and 4 children, ages 5 to 23. There, she is engaged in the sale of varied merchandise, especially perfumes and clothing in all styles. In order to fill her orders in the competitive market in which she pa... More from Maribel'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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    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 Maribel to buy school clothes and beauty products.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 5, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014