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Zoraida

Update on Zoraida

With her Kiva loan Zoraida found the opportunity to sell sheets. She bought wholesale, sold for a good price, turned over her working capital quickly, and reinvested in raw materials and supplies.

With her new income she has managed to help her husband with the household management. She is currently making wooden bracelets and fruit plates. These are a new style of crafts, which have gone very well for her. This is because it has generated orders.

She is currently applying for a new Kiva loan. She will use the loan to buy bedding. The market is exploratory, and it has gone very well for her. This is exactly what makes her Kiva loan successful.
View original language description ↓
Zoraida con su credikiva encontró una oportunidad de comercializar sabanas, pues compró al por mayor y vendió a buen precio rotando su capital de trabajo rápidamente y volviendo a invertir en materias primas e insumos. Con sus nuevos ingresos ha logrado apoyar la gestión de su hogar en manos de su esposo. En la actualidad está elaborando pulsos de madera y fruteras en totumos estas son una nueva modalidad en sus artesanías con las que le ha ido muy bien, porque le ha generado pedidos. En la actualidad está aplicando aun nuevo credikiva, que lo invertirá en ropa de cama, mercado que se encuentra en exploración y con el que le ha ido muy bien. Esto es justamente lo que hace que su credikiva resulte ser exitoso.

Previous Loan Details

Zoraida, 45, works making clothing and handicrafts by hand such as place mats, key chains, and accessories painted with different techniques and resinated products. She became accomplished in sewing from a very young age, when she studied in a school run by nuns and learned this art, which has s... More from Zoraida'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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $600 helped Zoraida to buy bedding in greater volume.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014
This photo was used before for a previous loan for Zoraida. It was first posted on Kiva on Jun, 2012. Learn More