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Merys De Jesus

Update on Merys De Jesus

Merys increased her income and the working capital of the business she runs at home, thanks to her credikiva. She bought stationery items and copy paper. She sees a bright future for her business and this is why she is requesting a credikiva again, through Fundación Mario Santo Domingo.

With this loan, Merys will buy a copy machine, since the one she has is too small and cannot cope with her customers’ demands. Her strategic location, close to academic institutions, represents a great advantage for her sales, since students are her main customers.
View original language description ↓
Merys aumentó sus ingresos y el capital de trabajo del negocio que tiene hoy en su casa propia y esto fue gracias a su credikiva, con el cual compró útiles de papelería y papel para fotocopiaje. Siente que su negocio tiene futuro y por eso acude una vez mas a su credikiva, nuevo financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará una fotocopiadora pues la que tiene es muy pequeño para responder al número de habitantes que solicitan el servicio de fotocopiaje. Su mayor potencial de ventas lo genera la ubicación del negocio que se encuentra cerca a instituciones educativas donde los estudiantes son sus principales clientes.

Previous Loan Details

Merys, 26, lives with her two-year-old son in the town of San Jacinto in the department of Bolívar. Her business dates back to when her brother was selling merchandise that came from the town of Maicao in the department of La Guajira. With this experience, Merys began her business venture four ... More from Merys De Jesus'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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,817.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,450 helped Merys De Jesus to buy a copy machine.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014