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Erika Maria

Update on Erika Maria

Thank you for supporting Erika who used her Kiva loan to increase her purchases of clothes, cosmetics and a computer system. She managed to open an Internet café to generate more income. Now, Erika manages her business with higher profitability and her income is refreshed.

She’s currently applying for a new Kiva loan to buy new computer equipment and a cooler to sell soft-drinks, especially ice. She sends the following message to her Kiva lenders: “Thanks for the opportunity of getting more help to strengthen income.” She asks that you continue to support her.
View original language description ↓
Gracias por apoyar a Erika quien con su credikiva logró aumentar sus compras de productos como ropa cosméticos y un equipo de cómputo y logró abrir un café internet para generar más ingresos. Ahora Erika maneja en su negocio una mejor rentabilidad, que refresca sus ingresos. En la actualidad está aplicando a un nuevo credikiva, mediante el cual comprará un nuevo equipo de cómputo y un enfriador para vender refrescos, especialmente hielo. Ella envía el siguiente mensaje a sus financiadores de Kiva : “ Gracias por la oportunidad de recibir una ayuda mas por fortalecer sus ingresos “ y pide que la sigan apoyando.

Previous Loan Details

Erika is 31 years of age and lives in the south-west of the city, along with her spouse and two children aged seven years and five months. She works in her neighborhood selling perfumes, cosmetics, sweets, clothing and catalog products, which she sells on credit in accordance with the terms agree... More from Erika Maria'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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Erika Maria to buy a new computer and a cooler to sell soft-drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2013
Listed
Jun 21, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 26, 2014