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Zoila

Update on Zoila

Zoila's fish and cheese selling business has been going well as, with her previous Kiva loan, she was able to buy fish in the department of Magdalena. With her profits, she then returned to buy cheese that she sold to her customers. Currently Zoila is applying for another Kiva loan that she will use to buy fish, taking advantage of the orders that her customers have put in. She will be able to provide a good and fresh product, while making more money. Zoila has the following message for Kiva lenders: "Thank you for this loan and for you support".
View original language description ↓
Zoila en su negocio de venta de queso y pescado le ha ido muy bien, porque con su credikiva anterior lo provisionó de pescado comprando en el Departamento del Magdalena y con lo que recuperó de sus utilidades, volvió a comprar queso, que también distribuyó por libras entre su clientela. En la actualidad está aplicando nuevamente a un credikiva, mediante el cual comprará pescado, para aprovechar los pedidos de su clientela y responderles con un producto fresco y agradable, mientras ella ganará mas dinero. Ella envía a sus financiadores de Kiva el siguiente mensaje: “ Gracias por realizarme el préstamo y por su apoyo”.

Previous Loan Details

Zoila, 58 years old, has lived for 28 years in the south west of the city from Pedraza in the department of Magdalena from where she is a native and arrived to Barranquilla. For 16 years she has been a widow and she dedicated herself to selling cheese to generate income to support her household.… More from Zoila'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
  • 137
    View loans »
    Colombia Loans Fundraising
  • $12,806,925
    Funds lent in using Kiva
  • 1,817.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $900 helped Zoila to buy fish.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014