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Emilse

Update on Emilse

Thank you for supporting Emilse who used her previous Kiva loan to buy a sewing machine. She managed to increase the productivity of her workshop and her sales have also increased. She is currently applying for a new Kiva loan to buy an industrial cover stitch machine. This will allow her to give her products a perfect finish, especially knitted clothing. Emilse sends this message to Kiva lenders: "I really value all the help I have received". Emilse shows how happy she is for the great support that Kiva lenders are giving to micro-businesspeople.
View original language description ↓
Gracias por apoyar a Emise quien con su credikiva pudo comprar una máquina de coser. Emilse logró aumentar la productividad de su taller y sus ventas tambien se han incrmentado. En la actualidad está aplicando a un nuevo credikiva, mediante el cual comprará una máquina recubridora industrial, la cual dará un perfecto acabado a sus productos, especialmente a la ropa en tejido de punto. Ella envia un mensaje a los finaciadores de Kiva: "Valoro enormemente todoa la ayuda recibida" haciendo notar lo feliz que se encuentra por su gran apoyo a los microempresarios.

Previous Loan Details

Emilce, 50, has a dressmaking shop in Puerto Colombia, very close to the sea, where she lives with her three daughters, 9, 16 and 21. She has had the shop since she got her first sewing machine 20 years ago and began to make dresses, blouses and skirts for her friends. Gradually her market bega... More from Emilse'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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,901.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Emilse to buy an industrial cover stitch machine.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 10, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Emilse. It was first posted on Kiva on Mar, 2012. Learn More