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Ana Milena

Update on Ana Milena

Ana used her previous Kiva loan to stock her business and sell a bit more because her number of customers increased. Her bulk purchases in cash made it possible to get better discounts. Her message to the Kiva lenders is, “I appreciate the help and wish great prosperity to you and your family.” She is asking for a new Kiva loan so she can buy ingredients, meat products for grilling, and milk products. She plans to earn a bit more and continue to rotate her products quickly so that her loan investment is effective.
View original language description ↓
Ana con su anterior credikiva logró surtir su negocio y vender un poco mas porque los clientes se incrementaron y sus compras al por mayor y en efectivo le permitieron obtener un mejor descuento. Su mensaje a los financiadores de Kiva es el siguiente: “Agradezco la ayuda recibida y deseo para ustedes y su familia mucha prosperidad. “ En la actualidad está aplicando a un nuevo credikiva con el que comprará víveres, productos de aseo cárnicos y lácteos; con ello planea ganar un poco mas y continuar rotando sus productos rápidamente para que su inversión de crédito sea muy efectiva.

Previous Loan Details

Ana Milena, 46, owns a store where she sells snacks, foodstuffs, meat and basic staples at retail. Her business was born six years ago in the town of Puerto Colombia very near the ocean when she noticed the little competition that existed in this type of business and the great need the inhabit... More from Ana Milena'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
  • 160
    View loans »
    Colombia Loans Fundraising
  • $13,196,500
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ana Milena to stock her store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 20, 2014
This photo was used before for a previous loan for Ana Milena. It was first posted on Kiva on Nov, 2011. Learn More