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Nora Mercedes

Update on Nora Mercedes

Thank yo for supporting Nora with the loan because she was able to offer new products and debut at some events she was hired for. This was thanks to her Kiva loan, which was used to buy materials and ingredients. She used them so that the guests at first communions, quinceaneras, graduations, etc. were able to enjoy the delicious products that she prepares. Right now, she is very enthusiastic and applying for a new Kiva loan with which she will use to buy products to make snacks such as flour, cheese, dairy products, etc. She has contracts with institutions. Since she also distributes beauty products, part of the loan will be used to buy cosmetics, perfume, etc. Her message to all of the lenders is: thank you very much for the loans she has received.
View original language description ↓
Gracis por apoyara Nora quien con su crédito porque pudo una nueva oferta de productos, debutar en los eventos que la contrataron y esto fue gracias a que su credikiva le alcanzó para comprar materias primas e insumos y se las ingenió para que los invitados de primeras comuniones, fiestas de quince años, grados etc, degustaran las delicias con que los prepara sus productos. En la actualidad está muy entusiasmada y aplicando a un nuevo credikiva con el cual comprará productos para hacer refrigerios, como harina, queso, lacteos, pues tiene contratos con instituciones, como ella tambien se dedica a la distribución de productos de belleza, parte de su financiamiento tambien los usará para comprar cosméticos, perfumeria etc. Su mensaje a los financiadores es de muchos agradecimientos por los créditos recibidos.

Previous Loan Details

Nora is 53 years old. She is an enterprising woman who lives in the town of San Jacinto, departament of Bolívar. She has 4 children, aged 33, 26, 22 and 19. The two youngest are on their own and work. Nora sells special food for events in her town, such as salads, meat rolls, pork, and rolled ch... More from Nora Mercedes'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
  • 274
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,914.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nora Mercedes to buy, with one part of it, ingredients to make snacks such as flour, cheese, and dairy products. The other part will be used to invest in cosmetics and perfume.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jun 25, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014
This photo was used before for a previous loan for Nora Mercedes. It was first posted on Kiva on Jul, 2011. Learn More