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Malvy Luz

Update on Malvy Luz

Thank you for supporting Malvy Luz, who bought beauty products such as massages, powders, makeup and hair products with her previous loan. Her customers increased in number, because she was able to provide better services.

She currently has her own salon and her own home, which give her more stability and much satisfaction. This is her message to Kiva lenders: "Thank you very much and keep helping so I can fulfill my dreams".

She is presently applying for a loan, with which she will buy hair products to increase her supply for her business, which will supplement her income.
View original language description ↓
Malvy Luz Sanabria.
Gracias por apoyar a Malvy quien con su creidikiva anterior compró productos de belleza como masajes, polvos, pinturas faciales, productos capilares, entre otros. Sus clientes se incrementaron porque pudo ofrecer mejores servicios ., Actualmente tiene un local y su casa propia lo cual le produce mayor estabilidad y mucha satisfacción. Su mensaje a los financiadores de Kiva es el siguiente: "Mucha gracias y que me sigan ayudando para poder cumplir mis sueños" . En la actualidad está aplicando a un creidikiva con el cual comprará productos capilares para completar sus insumos y para el ejercicio de su actividad mercantil con la que complementa efectivamente sus ingresos.

Previous Loan Details

With her previous Kiva loan, Malvy purchased dressing table items such as dyes, conditioners, hairspray and hair rinses for her business and she was well supplied and very satisfied. She is now asking for another Kiva loan in order to buy dyes and conditioners exclusively in greater volume, beca... More from Malvy Luz'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
  • 162
    View loans »
    Colombia Loans Fundraising
  • $13,194,000
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,375 helped Malvy Luz to purchase hair products.
79% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 17, 2013
Currency Exchange Loss:
Possible