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Mariela

Update on Mariela

Thanks to the support for her business of selling various merchandise, Mariela used her previous Kiva loan to buy a large volume of stationery, women’s clothes, and cosmetics to sell to her customers. With this investment, she was able to improve the image of her business and increase her profits.


She is currently applying for a new loan so that she can buy stationery and cosmetics in large volumes since these items have been requested by her customers. Mariela is grateful to the Kiva lenders and hopes that they will continue supporting people like her so that they can continue to strengthen their businesses.

View original language description ↓
Gracias por apoyar a Mariela en su negocio de venta de mercancía variada, porque con su anterior credikiva logró hacer compras en mayor volumen de papelería, ropa femenina, y cosméticos, que vendió a su clientela. Con esta inversión mejoró la imagen de su negocio y aumentaron sus ganancias. En la actualidad está aplicando a un nuevo financiamiento con el que comprará artículos de papelería, cosméticos en mayor volumen, compra que realizará por solicitud de su clientela. Mariela da las gracias a sus financiadores y espera que sigan apoyando a personas como ella, para continuar fortaleciendo su negocio.

Previous Loan Details

Mariela is a 65-year-old widow who has a 40 year old daughter and lives in the municipality of Sabanagrande, located near the city of Barranquilla. Mariela sells various merchandise by distribution and she also sells from a little shop in her house, which she started 7 years ago. She began with v... More from Mariela'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
  • 525
    View loans »
    Colombia Loans Fundraising
  • $14,691,000
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $575 helped Mariela to buy stationery and cosmetics.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2013
Listed
Apr 18, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014