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Ingrid

Update on Ingrid

Ingrid used her previous Kiva loan to buy products like clothing and underwear that she sold using specialized catalogs that offered the best deals. During this period of time she’s succeeded in meeting all her customer demands and in improving her quality of life. She says to lenders: “In the first place, I want to give thanks because thanks to them I’ve been able to move the business forward.”

She’s currently applying for a new Kiva loan by means of which she’ll buy an embroidery machine, fabric and thread because she’s working in a veterinary supply and they are asking her for pet accessories like scarves, shirts and shorts that she can make herself to sell and generate income this way.
View original language description ↓
Con su anterior credikiva, Ingrid Compró productos como ropa exterior e interior y los vendió mediante sus guias especializadaso con las que promociónó las mejores ofertas. Ella durante este periodo ha logrado cumplir sus compromisos con su clientela y mejorar su calidad de vida. Ella dice a sus financiadores: En primer lugar quiero dar las gracias porque gracias a ellos se ha posido sacar adelante el negocio. " En la actualidad está aplicando a un nuevo credikiva mediante el cual comprará una máquina bordeadora,telas e hilos, ya que trabaja con un almacen veterinario y le estan soliciando accesorios para las mascotas. como pañoleta, camisetas, pantalonetas que ella misma puede fabricar , vender y generar mas ingresos por este concepto.

Previous Loan Details

Ingrid is 33 years old and works in the city of Barranquilla, selling merchandise through specialized catalogs or her client's catalogs. She purchases underwear and other clothing and goes to her neighbors directly to sell them merchandise and between them distribute paid credits in installments ... More from Ingrid'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
  • 161
    View loans »
    Colombia Loans Fundraising
  • $13,194,975
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Ingrid to buy an embroidery machine, fabric and thread.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 24, 2013
Listed
May 9, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2014
This photo was used before for a previous loan for Ingrid. It was first posted on Kiva on Oct, 2012. Learn More