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Maribel

Update on Maribel

Maribel works making clothes. She lives in Cartagena is married and has three children whose ages range between 26 and 30 years. The entire family contributes to household support. She learned her occupation from her grandmother and for the last 17 years has been selling sewing services to neighbors, friends and family members. She intends to use her second Kiva loan to buy fabric, thread, buttons, clasps and zippers that will make it possible for her to provide better service to continue growing in her business and with her family goals.
View original language description ↓
Maribel, se dedica a la confección de prendas de vestir, reside en Cartagena, es casada, y tiene 3 hijos en edades entre 26 y 30 años. Toda la familia contribuye al sostenimiento del hogar. Ella aprendió este oficio de su abuela, desde hace 17 años, y vende sus servicios de costura a vecinos, amigos y familiares. Proyecta con su segundo credikiva invertir en telas, hilos, botones, broches, cierres, que le permitan ofrecer un mejor servicio, para seguir creciendo en su negocio y en sus metas a nivel familiar.

Previous Loan Details

Maribel is 49 years old and the mother of two children, ages 25 and 27. She has a small sewing shop, a job she learned in the tradition of her mother and grandmother, who worked at the same job. When Maribel began she did it helping them and making doll outfits, and as she earned profits, she s... More from Maribel'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
  • 300
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,900.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maribel to buy sewing supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 23, 2014