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Elizabeth Maria

Update on Elizabeth Maria

Elizabeth and her husband manage to support their family by working together selling decorative items in small quantities. They pack these items manually and sell these in stores and other small commercial establishments. Their business idea was born when they observed a need in the market and knew that they had experience and competence in this area.

In addition to her work packing these goods, which she does alongside her husband, Elizabeth is a dressmaker and makes additional income that helps very much to improve the well-being of their household. The couple's goal is to help their 16-year-old son to become a successful professional, which is the source of their eagerness to grow their income and support his well-being in the best way that they are able.

Elizabeth is currently applying for a loan which she will use to buy decorative items at wholesale prices. They will resell these in small quantities to be used daily by families. What will make them successful is their experience, their capacity for hard work, their discipline and their common goal that the family is working toward as a team.
View original language description ↓
Elizabeth y su esposo se las ingenian para sostener a su familia, pues jusntos están comercializando aliños en pequeñas cantidades, que empacan manualmente y venden en tiendas y en pequeños establecimientos comerciales. Su idea emprendedora nació al observar la necesidad del mercado y conocer la experiencia de su competencia con esta actividad. Elizabeth además de su tarea como reempacadora, realizada en compañía de su esposo, es modista y genera otros ingresos que ayudan mucho en el bienestar de su hogar. La meta de esta pareja es que su hijo de 16 años, llegue a ser una profesional de éxito y por eso su afán de hacer crecer sus ingresos, con el fin de apoyar su bienestar, tanto como ellos puedan. En la actualidad está aplicando aun credikiva, mediante el cual comprará, en mayor volumen aliños, que manufacturarán en mínimas cantidades, usadas a diario por las familias. El éxito de su credikiva es su experiencia, capacidad de trabajo, disciplina y objetivo común por el que su familia trabaja en equipo para lograrlo.

Previous Loan Details

Elizabeth is 55 years old and lives with her husband and 14-year-old son, who serve as her primary motivation in life. Twenty years ago, she arrived in Cartagena de Indias from the city of Amurallada in search of a better future. Elizabeth wanted so much to study in order to become a profession... More from Elizabeth Maria'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
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Elizabeth Maria to buy decorative items at wholesale.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 28, 2013