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Lucinda Maria

Update on Lucinda Maria

Lucinda is very grateful for the support that she has received from her previous loan with Kiva. She was able to purchase supplies that allowed her to produce a higher volume of fast food and to purchase soft drinks in bulk that allowed her to increase her output and sales. She sent a thank-you message to Kiva lenders for their support and hopes to receive a new loan so that she can plan to buy school supplies for her seasonal business and primary materials, with which she will once again source food products. She can take advantage of the high season for sales for school supplies and fast food, making her Kiva loan a successful investment.
View original language description ↓
Lucinda está muy agradecida por el apoyo que recibió de Kiva, ya que con el préstamo anterior, logró comprar insumos con los cuales elaboró un mayor volumen de comidas rápidas y compró refrescos al por mayor y de contado, pues contó con mucha mayor liquidez, para comprar e impulsar su producción y ventas. Ella envía un mensaje de agradecimiento a los financiadores de Kiva por el apoyo recibido y espera acceder a un nuevo crédito, pues planea comprar artículos escolares,pues este tambien es un negocio de temporada y materias primas con las cuales elaborará nuevamente productos alimenticios, aprovechando que es la época de ventas alta en productos educativos y tambien para vender las comidas rápidas, e impactar las ventas de esta unidad de negocios, haciendo de sus credikiva una inversión exitosa.

Previous Loan Details

Lucinda María H. lives with her husband and 3 children (between 28 and 33 years old) in the community of 20 de Julio in the city of Barranquilla--a place where formal and informal businesses interact with sports events at the Estadio Metropolitano (metropolitan stadium), site of the best soccer ... More from Lucinda 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 492
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 2,050.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Lucinda Maria to buy school supplies and primary materials.
97% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 31, 2014
Listed
Feb 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015