Check out some available loans that are similar to this one!
Mayerlin

Update on Mayerlin

Thank you for supporting Mayerlin in her commercial activity. Since receiving her Kiva loan her business has improved noticeably. Thanks to the sales she was able to have her life improved and this is very good for her. She’s currently applying for a Kiva loan to buy clothes, perfume and other items for end of year sales. Her investment will be successful because she’s making it in preparation for the year’s best commercial season and because it’s based on orders from customers that Mayerlin is always ready to satisfy.
View original language description ↓
Gracias por apoyar a Mayerlin en su actividad comercial; desde que recibió su credikiva, su negocio ha mejorado notablemente; gracias a las ventas que pudo efectuar, su vida mejoró y esto es muy bueno para ella. En la actualidad está aplicando a un credikiva, para comprar ropa, perfumes y artículos que potencialicen su venta a finales de año. Su inversión planea ser exitosa, porque la hace, preparándose para responder a la temporada más comercial del año y basada en los pedidos de su clientela, a la que Mayerlin está dispuesta siempre a complacer.

Previous Loan Details

With the previous Kiva loan, Mayerlin purchased cosmetics, hair products and items that arrive with discounts from her catalogs. This purchase allowed her to fill her customers' orders and she is now very excited to be obtaining another Kiva loan. She will buy cosmetics, and jewelry, as she has… More from Mayerlin'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
  • 190
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,892.1
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,450 helped Mayerlin to buy clothes, perfume and other merchandise to sell.
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2013
Listed
Oct 10, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 9, 2013