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Maricela

Update on Maricela

Thank you for supporting Maricela who, with her previous loan, was able to buy school materials and miscellaneous items to stock up her business. Her income increased because the products generated attention and interest from customers who wanted and bought the products. Now, Maricela and her family are better off and Maricela feels more satisfied. Maricela is currently applying for a Kiva loan that she will use to buy disposable crockery and cutlery and other general products. With the new stock, she will have merchandise that has a high turnover and Maricela will be earning ever more, making her Kiva loan a success.
View original language description ↓
Gracias por apoyar a Maricela, quien con su anterior credikiva logró comprar útiles escolares, artículos de miscelánea, con los cuales surtió su negocio. Sus ingresos se enfrentaron, porque impactó la atención, el interés, el deseo y la acción de compra de su clientela. Hoy, ella y su familia, tienen un mayor bienestar y esto la hace sentir mucho mas satisfecha. En la actualidad Maricela está aplicando a un credikiva, mediante el cual comprará artículos de tocador, productos desechables y variedades en general. Con ello tendrá una mercancía que rota rápidamente, mientras ella gana cada vez mas y esto es justamente el éxito de su credikiva.

Previous Loan Details

Marciela is 29 years old, she is married, and she is the mother of two children that are 4 and 9 years old. She sells miscellaneous items from her home, where her neighbors and people from nearby neighborhoods come to find items for their households, such as stationary, household goods, disposab... More from Maricela'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
  • 290
    View loans »
    Colombia Loans Fundraising
  • $13,930,350
    Funds lent in using Kiva
  • 1,907.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Maricela to buy disposable crockery and cutlery, miscellaneous items and products for women and for the home.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014