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Maria Del Carmen

Update on Maria Del Carmen

Thank you for supporting Maria. With the previous Kiva loan, she bought women's clothing and shoes, with which she increased her inventory and made more profit for her business, which meant more income for her home. She thanks all of the Kiva lenders for supporting her business, because it has grown stronger. Her goal is to continue growing commercially and that is why she is asking for a new loan. With it, she will buy clothing for women, men and children, everything to fill orders to make her Kiva loan a magnificent investment.
View original language description ↓
Gracias por apoyar a Maria, quien con su anterior credikiva compró ropa para damas y calzado, con los cuales aumentó sus inventarios y logró mayores utilidades para su negocio, lo que representó más ingresos para su hogar. Ella da las gracias a todos sus financiadores de Kiva por su apoyo al negocio, porque se ha fortalecido. Su meta es continuar en ascenso comercial y por eso está aplicando a un nuevo financiamiento, con le cual comprará ropa para damas, caballeros e infantil, todo ello sobre pedidos para hacer de su credikiva una magnifica inversión.

Previous Loan Details

María, aged 31, lives in the south of the city with her four children aged between one and seventeen years old. She is a native of the city of Barranquilla, and had her first child at the age of 14, which inspired her to look for income by working. Later, she finished her high-school baccalaure... More from Maria Del Carmen'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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,914.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Maria Del Carmen to buy women's, men's and children's clothing.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014
This photo was used before for a previous loan for Maria Del Carmen. It was first posted on Kiva on Apr, 2012. Learn More