Update on Amparo CeciliaAmparo bought materials such as leather soles, faux leather, thread, and glue, and made new sandal designs that she sold to her customers. Since she made this investment with resources from Kiva she increased her production and sales and worked comfortably without losing money to high costs. This is why she has this message for her lenders: "I'm happy to be a beneficiary of this wonderful program. I wish you and your families all the best."
Currently she's applying for a new Kiva loan to buy a new sewing machine and shoemaking supplies such as soles, synthetic materials, leather, thread, and accessories.
She plans to surprise her customers by bringing out beautiful new designs in accordance with her customers' needs. She hopes to generate new income to give her business a breath of fresh air.
En la actualidad está aplicando a un nuevo credikiva, mediante el cual comprará una nueva máquina de coser, materiales para zapatería como suelas, sintéticos, cuero, hilos y accesorios, con los que planea sorprender a su clientela sacando al mercado nuevos y hermosos diseños a la medida de sus clientes y espera generar nuevos ingresos que oxigenen su negocio..
Previous Loan DetailsAmparo is 51 years old and lives in the Puerto Colombia municipality, situated on the shore of the Caribbean Ocean. She has 3 children from 22 to 24 years of age, and dedicates herself to making women’s shoes from a workshop located in her small house. In her enterprise, she makes shoes for… More from Amparo Cecilia's previous loan »
About Fundación Mario Santo DomingoFundación 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.
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- Repayment Term
- 21 months (Additional Information)
- Repayment Schedule
- Mar 27, 2013
- Apr 11, 2013
- Currency Exchange Loss:
- Apr 17, 2014
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.