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Nelly Del Carmen

Update on Nelly Del Carmen

Thanks to her previous Kiva loan, Nelly purchased toiletries, clothing, ornaments, candies, phone minute reloading plans and bedding. Her business now offers better service.

She is currently planning her new loan. She will use it to purchase a variety of merchandise such as clothing and toiletries, in addition to making rental improvements. Her investment will improve her inventory and will make the place more comfortable.

She says to her lenders: "May God continue to bless all of you and may you continue to help the people who most need it."
View original language description ↓
Nelly compró productos de tocador ropa, adornos, dulces, planes de minutos recargas ropa de cama y su negocio ahora ofrece un mejor servicio y esto fue gracias a su anterior credikiva. En a actualidad planea su nuevo financiamiento y será ´para aplicarlo a la compra de mercancías variadas como ropa y productos de tocador, además de que hará mejoras locativas. Su inversión mejorará los inventarios y estará mucho más confortable. Ella dice a sus financiadores: “Dios continúe bendiciéndolos a todos ustedes y continúen con ese interés de seguir ayudando a la gente mas necesitada. “

Previous Loan Details

With her previous Kiva loan, Nelly purchased a greater quantity of merchandise such as clothing, ornaments, and even phone minute reloading plans to expand her telecommunications services offerings. Currently, she is planning to invest it in her business at Christmastime and New Year's, since she... More from Nelly Del Carmen'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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,813.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $900 helped Nelly Del Carmen to buy a variety of merchandise such as clothing and toiletries. She will also make rental improvements.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 19, 2013