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Leticia Del Carmen

Update on Leticia Del Carmen

Thank you for helping Leticia with her sewing business. She has used past Kiva loans to buy fabric, buttons and other supplies. The loans helped Leticia grow and improve her business and, in turn, to increase her income. Her message to lenders is: "Thanks for your support". Past loans have allowed her to get ahead, little by little. She is now applying for a new loan that she will use to buy new supplies of fabric, at wholesale, so that she can carry on the business. This is the time of year when her customers spend the most for the clothing she makes and she wants to be ready to meet the demand.
View original language description ↓
Gracias por apoyar a Leticia en su confección, porque con su credikiva pudo comprar telas, botones, pellón, entre otros. Con el credikiva los inventarios del negocio de Leticia se incrementaron y su imagen de negocio mejoró, lo mismo que el nivel de sus ingresos. Ella dice a sus financiadores “Gracias por su apoyo”, esto es porque se siente satisfecha, debido a todo lo que ha logrado alcanzar poco apoco. En la actualidad está aplicando a un credikiva, mediante el cual comprará una vez más, tela en un mayor volumen, y planea tener mucho éxito, porque fabricará para su clientela, en la temporada de mayor inversión en este tipo de productos.

Previous Loan Details

Leticia from Malambo addresses the following message to Kiva lenders: "Thank you for helping me achieve my dream of making my business grow." She is thankful for how well it is faring and wishes to continue on this course. With her previous loan, she bought cloth, lace, zips, and other supplies w... More from Leticia 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,886.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Leticia Del Carmen to buy wholesale supplies of fabric for her sewing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Oct 28, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014