Check out some available loans that are similar to this one!
Gregoria

Update on Gregoria

Gregoria used her previous loan to buy personal hygiene products such as soaps, toothpaste, disposable diapers and sanitary napkins, as well as soft drinks and beer. Her Kiva loan was very helpful because she was able stock her store with products requested by visitors and patients of the nearby hospital.

She is currently applying for a new Kiva loan, which she will use to purchase hygiene products and soft drinks as well as to install a new roof on her apartment. Then her business, which is currently located inside her home, will be protected.

Her message to Kiva funders is this: "Thank you to those people who, without knowing us, have helped us so that our businesses move forward and improve. May you continue to support us."
View original language description ↓
Gregoria invirtió su crédito en la compra de productos de aseo personal, como jabón, crema dental paños desechables, toallas, refrescos y cervezas. Su credikiva le fue de mucha ayuda porque pudo surtir su negocio, con productos que piden los visitantes y pacientes del hospital que tiene cerca. En la actualidad está aplicando aun nuevo credikiva con el cual comprará productos de aseo y refrescos, igualmente pondrá un techo en su apartamento y allí protegido ubicará su negocio actualmente ubicado en su interior. Su mensaje a los financiadores de Kiva es el siguiente: “Gracias, a esas personas que sin conocernos nos han ayudado, para que nuestros negocios progresen y salgamos adelante y que sigan apoyandononos.

Previous Loan Details

Gregoria, 48, lives in the south of the city with her partner and her 20-year-old daughter. She hopes to see her daughter become a successful professional and this is what pushed her forward in her day to day life. Gregoria earns money for her household through a business in which she prepares an... More from Gregoria'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
  • 527
    View loans »
    Colombia Loans Fundraising
  • $14,933,525
    Funds lent in using Kiva
  • 1,824.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Gregoria to purchase cleaning products and soft drinks as well as to install a new roof on her apartment.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2013
This photo was used before for a previous loan for Gregoria. It was first posted on Kiva on Nov, 2012. Learn More