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Alba

Update on Alba

With her last Kiva loan Alba increased her sales, and for this reason she now has more demand for the articles she sells and is receiving orders from many neighboring town. Nevertheless there are many orders from neighboring towns and her working capital is not sufficient to meet them. For this reason she is asking for another Kiva loan, with which she will increase the number of metal and plastic tanks she has to obtain good prices and  successfully respond to the demand for her goods. 
View original language description ↓
Alba con su credikiva pasado incrementó sus ventas, por eso ahora tiene mas demanda de los articulos que ofrece y está cumpliendo a los pedidos que hacen en muchos de los pueblos vecinos. Sin embargo desde otros municipios hay muchas solicitudes y su capital de trabajo no es suficiente para responderles, por eso acude una vez mas a su credikiva, con el cual aumentará el número de tanques metálicos y plásticos para obtener buenos precios y responder efectivamente a la demanda de su mercado.

Previous Loan Details

Alba is applying for a new Kiva loan because she needs to buy plastic tanks to sell and increase her working capital as she has been doing. With her previous Kiva loan, she was able to buy plastic drums. She sold them in the cities of Montería, Sincelejo, and Magangúe, also located on the… More from Alba'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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,824.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Alba to buy metal and plastic tanks to sell in neighboring towns.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 18, 2013
Listed
Apr 3, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014
This photo was used before for a previous loan for Alba. It was first posted on Kiva on Apr, 2012. Learn More