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Nubis

Update on Nubis

Nubis used her previous Kiva loan to buy merchandise such as perfumes, sweaters, and hair care products to stock her displays. Her sales increased because the displays attracted many customers who bought items, and her business has grown. Her life revolves around her children.

She is applying for a new Kiva loan to buy school supplies to take advantage of the new high school year to sell much more merchandise. Her message to Kiva lenders is, "Thank you for supporting me, making my business grow, and most of all, believing in me!"
View original language description ↓
Vitrinas mercancía como perfumes, suéteres, productos capilares con los que la surtió, fue lo que compró Nubis cuando obtuvo su credikiva. Sus ventas aumentaron, prque la exhibición atrajo muchos clientes que compraron, ahora su negocio tienen un mayor tamaño que cuando inició y su vida gira completamente alrededor de sus hijos. En la actualidad está aplicando a un credikiva nuevamente con el cual comprará articulos escolares, aprovechando que se acerca la época de ingreso al colegio y en ella venderá mucho mas. Su mensaje a los financiadores de Kiva es el siguiente: “Gracias por apoyarme y hacer que mi negocio creciera y ante todo por creer en mi ¡Gracias!…

Previous Loan Details

Nubis lives in the Cartagena area with her husband and two children of 10 and 18 years of age. Nubis has a business that she started 10 years ago when she traveled with her husband to Maicao, a municipality that borders Venezuela, from there they bought merchandize at very good prices. Gradually ... More from Nubis'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
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,264,975
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Nubis to buy school supplies.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014
This photo was used before for a previous loan for Nubis. It was first posted on Kiva on Dec, 2011. Learn More