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Dora

Update on Dora

With her last loan, Dora bought supplies and staple goods which she used to prepare fast food to sell. Thanks to the financing, she didn’t need to borrow money from unreliable people who charge high interest rates, which was good because she made more profits from her sales. She has just started a new business from home selling soft drinks. She opens in the morning and afternoon.

Dora is very happy and grateful for her Kiva loan and says that due to the financial support received she has been able to start a new business which is another source of income for her. She is requesting a new loan to be able to grow more, this time buying soft drinks to strengthen her new business and generate more profits.
View original language description ↓
Dora con su credikiva compró materias primas e insumos y los utilizó para preparar mucha mas comida rápida. Con su financiamiento no tuvo la necesidad de prestar dinero a personas informales con intereses muy onerosos y eso fue muy bueno, porque ganó mucho mas a l comercializar. En la actualidad emprendió un nuevo negocio en su casa, mediante el cual vende refrescos y abre sus puertas en la mañana y en la tarde; Dora está muy feliz y agradecida con su credikiva y dice que con sus financiadores ha logrado el nuevo negocio que le representa otra fuente de ingresos. Por eso está acudiendo a un nuevo credikiva, con el cual planea crecer mucho mas y en esta vez comprará refrescos para fortalecer su nueva actividad y generar otras utilidades.

Previous Loan Details

Dora is 55 years old and lives in the community of Los Almendros de Soledad. She is married and has three children between the ages of 10 and 32. She runs a business out of her home preparing and selling fast food, such as hot dogs, sandwiches, kebabs and french fries, that she makes with the mos... More from Dora'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

  • $6,070
    Average annual income
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,780.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Dora to buy soft drinks to sell.
97% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2013
Listed
Jan 28, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014