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Vicenta

Update on Vicenta

Thank you for supporting Vicenta with her Kiva loan that she used to buy raw materials and supplies to make food items like arepas [Colombian grilled corn cakes], turnovers and stuffed potatoes. With this investment her production increased, she produced more profits that she used to make home improvements. Her business is better stocked, she sells more and her life is much more tranquil.

She’s very happy and says to her Kiva lenders: “Thanks for supporting me in my business; I’ve been in this business for many years and I’d never done as well as I’m doing now.” At present, she’s applying for a new Kiva loan to buy a cooler, kitchen utensils and a new fryer. With this investment her road to success is becoming clearer each time.
View original language description ↓
Gracias por apoyar a Vicenta con su creikiva, mediante el cual compró materias prima e inumos con os cuales elaboró productos alimenticios como arepas, empanadas y papas rellenas. Con esta inversión su producción se incrementó,produjo mas ganancias y con ella hizo adecuaciones a su vivienda. Su negocio está mas surtido, vende mas y en su vida está mucho mas tranquila. Ella está muy contenta y dice a los finaciadores de Kiva: "Gracias por apoyarme en mi negocio, tengo muchos años de estar en esta actividad y no me habia ido tan bien como ahora". En la actualidad está aplicando aun credikiva para comprar un enfriador, utensilios de cocina y un nuevo freidor. Con esta inversión su camino hacia el éxito se va vislumbrando cada vez mas.

Previous Loan Details

By selling fried food, hayaca (cornmeal, meat and vegetables wrapped in banana leaves), pies and cheese fingers, Vicenta has been generating her own income for 14 years. When she first started, she had just been forced to move from her home village; her son provided her with seed capital to buy a... More from Vicenta'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
  • 270
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,884.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Vicenta to buy a cooler, kitchen utensils and a new fryer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014