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Xiomara Del Socorro

Update on Xiomara Del Socorro

Thanks for supporting Xiomara, who used the CrediKiva loan to buy bakery goods and dairy products and was able to sell in greater volume. Her number of clients has increased as well as her income and profits. She wants to tell her Kiva lenders that she is very grateful for their collaboration in her small business and this will benefit her future.

Now she is excited and applying for a new CrediKiva loan to buy larger quantities of cheese and bakery goods.
View original language description ↓
Gracias por apoyar a Xiomara, quien al recibir su credikiva compró productos de panadería y lácteos y vendió en un mayor volumen. Se incrementaron el número de clientes y así mismo sus utilidades crecieron así como sus ingresos Ella dice a sus financiadores de Kiva que está muy agradecida por colaborar en su microempresa y que esto beneficia su futuro. En la actualidad está entusiasmada y aplicando a un nuevo credikiva, con el cual comprará un mayor volumen de queso y de productos de panadería.

Previous Loan Details

With her previous Kiva loan, Xiomara bought cheese and baked goods which she sold. She is very satisfied because she was able to reinvest this loan. She is now ready for her next Kiva loan. She will invest it particularly in cheese because the New Year is coming up, and she always has very good… More from Xiomara Del Socorro'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
  • 233
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $925 helped Xiomara Del Socorro to buy larger quantities of cheese and bakery goods.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 18, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014