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Judith

Update on Judith

Judith bought varied merchandise and filled the most important orders that produced the highest profit margins. With respect to her family, she was able to contribute towards household expenses and she feels happier about that.

She sends a message of gratitude to Kiva and says that thanks to Kiva she’s been able to increase income and help her husband with family expenses. She used her new Kiva loan to buy beauty products and cosmetics and her investment bodes success because her customers have very good payment behavior.
View original language description ↓
Judith compró mercancías variadas y cumplió con los pedidos más importantes que le dieron mayor índice de ganancias. En su familia pudo contribuir con los gastos del hogar y se siente mas contenta. Ella envía un mensaje de agradecimiento a Kiva y dice que gracias a Kiva ha podido aumentar sus ingresos y apoyar a su esposo en el gasto familiar. Con su nuevo credikiva compró productos de belleza y de tocador su inversión proyecta ser segura pues su clientela tiene una trayectoria de buen comportamiento de pago.

Previous Loan Details

Judith lives in the city of Barranquilla and this is where she carries out her business. She lives with her husband and two children who are 3 and 5. She started her business 13 years ago, selling a variety of merchandise with minimal capital. Gradually, with the support of a family member, sh... More from Judith'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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Judith to buy beauty products and cosmetics.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2013
Listed
Mar 17, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014
This photo was used before for a previous loan for Judith. It was first posted on Kiva on Jul, 2011. Learn More