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Isabel Maria

Update on Isabel Maria

Thank you for supporting Isabel with creditkiva, with the loan she bought in cash and at wholesale prices fabric, thread, buttons, zippers, etc., with which she designed clothing. Her loan benefited her because it increased her liquidity, her sales and her profits. She is currently applying for credikiva, through it she will buy a serger to put better finishing touches to her items and stop paying fees to have them done by someone else. With it she will save production time and above all she will be able to increase the quality of the clothes she makes.
View original language description ↓
Gracias por apoyar a Isabel con su credikiva, con el cual compró al pormayor y de contado t4elas, hilos, botones, correderas, etc, con los que confeccionó ropa en general. Su credíto la benefició porque aumentó su liquidéz, se incremntaron sus ventas y con ello sus utilidades. En la actualidad está aplicando a un credikiva, mediante el cual comprará una fileteadora para darle un mejor terminado a sus prendas y dejar de pagar alquiler por la tarea de fileteo. Con ella ahorrará tiempos productivos y sobre todo dará curso al aumento de su calidad en las prendas que confecciona.

Previous Loan Details

Isabel is 30 years old and has her own clothing workshop. She lives in Barranquilla with her three year old daughter. Isabel has always been interested in art and design because she went to a school that put a lot of emphasis on sewing and design. She began working making clothing 5 years ago but... More from Isabel 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
  • 187
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,879.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Isabel Maria to buy a serger.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Oct 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014