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Zoila Ines

Update on Zoila Ines

Thank you for supporting Zolla and her craft-making business. She was able to buy macrame thread as well as wool and hammock fabric.

Now she is seeking another loan through Kiva to buy supplies to make crafts for upcoming fairs. Zolla also wants to take some courses so she can teach crafts. She thanks donors for their support and trust in her. With her previous loan she was able to increase both income and production.
View original language description ↓
Gracias por apoyar a Zoila en su negocio de artesanías, porque pudo comprar hilo macramé y coral, además de lana y tela de hamacas. En la actualidad está aplicando a un nuevo credikiva, mediante el cual comprara materias primas para participar en ferias y también para hacer cursos y prepararse como docente de artesanías. Ella dice a sus financiadores, “gracias por su apoyo y confianza”, porque con su anterior credikiva logró incrementar sus ingresos y aumentar su producción.

Previous Loan Details

Zoila, 44 years old, lives in the city of Barranquilla with her partner and her two children, aged 13 and 17. There she has a small workshop for woven bags and handcrafts made from totumo wood and country-style wood. She learned handcrafting from the time she was very young, because she comes fro... More from Zoila Ines'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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 272
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,916.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Zoila Ines buy craft supplies and pay for courses so she can teach crafts.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Sep 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2014
This photo was used before for a previous loan for Zoila Ines. It was first posted on Kiva on Nov, 2012. Learn More