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Beatriz

Update on Beatriz

Thank you for supporting Beatriz who used her previous Kiva loan to buy materials such as rubber, fique fiber, insoles and packaging material wholesale and for cash. She used these materials to make footwear which she later sold. Her Kiva loan allowed her to increase her working capital, increase her sales and make more profit from her business. Motivated by this experience, she is now applying for a new loan through Kiva. She will use the new loan to buy larger quantities of rubber, fique fiber, insoles and packaging materials which she will use to make more footwear to sell for Mothers Day. This is a time of year when women and mothers get together, receive gifts and dress up to celebrate the loving and worthy work they do, together with their families. Beatriz will have the best designs available for her customers so that they can all enjoy the footwear that they have ordered from her and have a wonderful time together with their loved ones. Beatriz, meanwhile, will make income which will benefit her household.
View original language description ↓
Gracias por apoyar a Beatriz, quien con su anterior credikiva compró al por mayor y de contado materiales como caucho, fique, plantilla deportiva # 9 y tela para empaque, con lo que fabricó el calzado que vendió oportunamente. Su credikiva le permitió aumentar su capital de trabajo, se incrementaron las ventas y así mismo su negocio tuvo más utilidades. Con esta motivación está aplicando a un nuevo financiamiento mediante Kiva, para comprar en un mayor volumen caucho, fique, plantilla deportiva # 9 y tela para empaque y elaborar el calzado que comercializará, a propósito del día internacional de las madres, época en la cual las mujeres, madres o que cumplen esa función, se reúnen, reciben regalos y se visten elegantes para celebrar en familia, esta amorosa y digna labor. Así Beatriz no dudará en tenerles a sus clientes, los mejores diseños para que todas disfruten del calzado, que le han encargado y pasen las familias momentos muy satisfactorios al lado de sus seres queridos, mientras ella genera ingresos que benefician su hogar.

Previous Loan Details

Beatriz is 25 years old and lives south of the city, where she makes a living designing and selling shoes and handbags; she sells them both wholesale and retail. Her business is based out of her apartment. She purchases materials for her business such as rubber, fique fiber, micro suit fabric, ... More from Beatriz'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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Beatriz to buy rubber, fique fiber, insoles and packaging material.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 17, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2013
This photo was used before for a previous loan for Beatriz. It was first posted on Kiva on Mar, 2012. Learn More