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Aida Luz

Update on Aida Luz

Aida's business is selling shoes, bags, shirts and various accessories. It has gone very well for her with her Kiva loans. With them, she has been able to increase her working capital, buy a lot more, increase her clientele and generate many more profits than she would have with her own resources. The biggest impact has been building, with her own work, her little apartment. She also did some home improvements and everything in her life is much better that it was before. Right now, she is applying for a new Kiva loan to buy shoes, bags, and various women's accessories to fill orders her best customers have made. That is just what makes her Kiva loan her best investment.
View original language description ↓
Aida en su negocio de venta de calzado bolsos, camisas y variedades, le ha ido muy bien con su credikiva pues con ellos ha logrado aumentar su capital de trabajo, comprar mucho mas, aumentar su clientela y generar mucha mas utilidad que con sus propios recursos. Así mismo su mayor impacto ha sido el de construir con su propio esfuerzo un pequeño apartamento, hizo también mejoras a su vivienda y todo está en su vida mucho mejor que antes. En la actualidad está aplicando a un nuevo credikiva con el cual comprará calzado, bolsos y variedades femeninas sobre pedidos que han hecho sus mejores clientes y justamente esto es lo que hace de su credikiva su mejor inversión.

Previous Loan Details

With her previous loan, Aida was able to buy a variety of merchandise in bulk and with cash so that she could fulfill her orders. At the same time, she also invested in cases of soft drinks and beer so that she could sell them to her customers on the weekends. Now she plans to invest a new infu... More from Aida Luz'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
  • 494
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,803.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Aida Luz to buy shoes, bags, and various women's accessories to fill orders.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Aida Luz. It was first posted on Kiva on Sep, 2011. Learn More