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Monica  Antonia

Update on Monica Antonia

Thanks for supporting Mónica, who with her Kiva loan bought merchandise such as cosmetics, perfumes, paper goods, and general clothing, with which she stocked her business. Her sales have increased and she has more customers. Right now she is applying for a new loan and with it, she will buy a larger display case and products such as notebooks and women's accessories so she can increase her sales and generate even more income. Mónica tells her financiers: “Thank you and I hope you keep supporting us small businesspeople to get our businesses ahead and make them more productive.“
View original language description ↓
Gracias por apoyar a Mónica, quien con su credikiva compró mercancía cosmética, perfumería papelería y ropa en general, con la cual surtió su negocio. Sus ventas se han incrementado y tiene mas clientes. En la actualidad está aplicando aun nuevo crédito con el cual comprará una vitrina de mayor tamaño, productos como libretas, conjuntos femeninos . con los cuales la surtirá, así aumentará sus ventas y generar aun más ingresos. Mónica dice a sus financiadores: “Le doy gracias y que nos sigan apoyando a nosotros los pequeños empresarios, para sacar adelante nuestros negocios y hacerlos mas productivos. “

Previous Loan Details

Mónica used her last Kiva loan to buy beauty products, shoes, sweaters, jeans, school supplies, etc. With all this, she was able to increase her business capital and improve the range of goods she offers. She is currently applying for a new Kiva loan because the Christmas and New Year period is c... More from Monica Antonia'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
  • 552
    View loans »
    Colombia Loans Fundraising
  • $14,699,175
    Funds lent in using Kiva
  • 1,879.7
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,350 helped Monica Antonia to buy a larger display case.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2013
Listed
May 28, 2013
Currency Exchange Loss:
Possible
Expired:
Jun 27, 2013