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Laura

Update on Laura

Thanks to her previous Kiva loan, Laura bought neon lights, gear shifts, seat covers, lights and decals and increased her inventory. Now, she’s applying for a new loan to buy larger spare parts like tires, wheel rims, inner tubes, batteries and steering wheel covers to meet customer demand which is precisely what will make her Kiva loan an successful investment.

Laura sends the following message to lenders: “Your support has been very important for my growth as a businesswoman and merchant because I’m now open for business as an auto spare parts merchant.”
View original language description ↓
Laura compró luces neón barras de cambio pellones, farolas calcomanías e incrementó sus inventarios y esto fue gracia a su credikiva anterior. Hoy está aplicando aun nuevo financiamiento con el cual comprará repuestos de mayor tamaño como llantas rines neumáticos baterías forros para timón con los cuales cubrirá la demanda de su clientela. Y justamente esto es lo que hace que su credikiva sea una inversión exitosa. Laura envía el siguiente mensaje a los financiadores: “ su apoyo ha sido muy importante para mi crecimiento como empresaria y como comerciante, ya que actualmente tengo puertas abiertas en el comercio de partes automotriz.

Previous Loan Details

Laura is 20 years old and lives in Soledad. She makes a living working in sales, which she has been doing since 2009 when she began helping her father in his business. By working with him she gained all her experience. She has learned everything from the basic to the technical in terms of sales.… More from Laura'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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,400 helped Laura to buy auto spare parts.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 4, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Laura. It was first posted on Kiva on Feb, 2012. Learn More