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Lilibeth

Update on Lilibeth

Thanks for supporting Lilibeth who used her CrediKiva loan to invest in her business, buying clothing, sandals and natural products which increased her sales. Now she has new clients and more profits. She is currently taking orders to fill with new merchandise for Mother's Days and there is more customer demand.

This is why she is requesting a new CrediKiva loan to buy women's lingerie, shoes and cosmetic products in large quantities at discount prices. This will give her more negotiating leverage and the ability to turn around orders quickly, before other merchants can. This is why her CrediKiva loan is successful.
View original language description ↓
Gracias por apoyar a Lilibeth quien con su credikiva invirtió en su negocio comprando ropa, sandalias y productos naturales que incrementaron sus ventas. Ahora tiene nuevos clientes y sus utilidades mejoraron. En la actualidad se dedica a tomar pedidos para responder con nuevas mercancías en el día de las madres y sus solicitudes son superiores a las necesidades de su clientela. Esta es la razón por la cual acude a un nuevo credikiva, con el cual comprará ropa femenina, calzado y productos cosméticos en mayor volumen y que hoy presentan descuentos. Esto generará una capacidad mayor de negociación y oportunidades de responder con prontitud y a la medida de las posibilidades de sus clientes, ante de que otros comerciantes lo haga. De allí el éxito de su credikiva.

Previous Loan Details

Lilibeth is 29 years old and she sells clothing, skin products, and natural medicines. She has her business in her own home, where she lives with her husband and their 6-year old son. She started out her business 10 years ago, having learned from her mother. At that time she had her business in S... More from Lilibeth'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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,848.1
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,625 helped Lilibeth to buy greater quantities of women's lingerie, shoes and cosmetic products at discount prices.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2013
Listed
Apr 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014