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Carmen Rosa

Update on Carmen Rosa

Selling plantains, yucca, yams and hens has become an important and healthy way for Carmen to make her living ever since she arrived displaced with her family, made up of seven small children and her partner, with few income possibilities. Initially, she realized that in the neighborhood where she lived it was difficult to get tubers and hens. That is why she went to buy them at the nearest farms and sell them to clients that needed an easier way to meet their consumption of these basic family staples. She has received a loan from Fundación Mario Santo Domingo that she has managed to invest and generate profits. With them, she has bought everything necessary to live a little bit better and to provide her children with an education with which they will be able to get ahead in the future. Her goal in the future is to have a store where she sells snacks, basic provisions and meat products and everything that customers need for everyday consumption in their homes and that they can only buy in small quantities. Currently, she is applying for a Kivaloan, with which she will buy plantains in greater volume and hens, products that she acquires at very competitive prices that she passes on to her consumers, which is why they prefer her, and is exactly what makes her Kivaloan successful. Her experience in the market brings her a lot of buyers that make her business profitable and with which she continues supporting the wellbeing of her family. This makes her very happy.
View original language description ↓
La venta de plátano, yuca, ñame y gallinas, se ha convertido para Carmen en una forma importante y saludable de ganarse la vida desde que llegó desplazada con su familia, conformada por 7 hijos pequeños y su cónyuge y con pocas posibilidades de ingresos. Inicialmente se dio cuenta que en el barrió donde habita resultaba muy difícil conseguir tubérculos, y gallina, por eso acudió las fincas mas cercanas, para comprar y vender a estos clientes que requerían satisfacer mas fácilmente, la necesidad de consumo de estos artículos de la canasta familiar. Ella ha recibido 1 crédito de la Fundación Mario Santo Domingo, con el cual ha logrado invertir y genera utilidades con lo que ha comprado todo lo necesario para vivir un poco mejor y para llevar a sus hijos una educación con la que a futuro puedan salir adelante. Su meta mas adelante es tener una tienda donde vender ranchos, víveres, cárnicos y todo lo que la clientela necesita para el consumo diario en sus hogares y que pueden comprar solo en pequeñas cantidades. En la actualidad está aplicando a un credikiva, con el cual comprará plátanos en mayor volumen, y gallinas, productos en los que adquiere precios muy competitivos e igualmente traslada a sus consumidores, por eso a ella la prefieren y esto es justamente lo que hace que su credikiva sea exitoso, pues su experiencia en el mercado convoca muchos compradores, que traen a su negocio utilidades, con los que continua apoyando el bienestar de su familia y esto la hace muy feliz..

Previous Loan Details

Carmen lives in the city of Cartagena and is a beneficiary of the sustainable living project, which in this city is headed up by the Mario Santo Domingo Foundation. Her family is made up of her husband and their seven children between the ages of 7 and 28, who she dreams will become successful. S... More from Carmen Rosa'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
  • 282
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $400 helped Carmen Rosa to buy plantains in greater volumn, and hens.
98% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 28, 2014