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Noris

Update on Noris

Thank you for helping Noris and her store. With her previous Kiva loan she was able to have her business better stocked and at a lower interest rate. Today, she has more customers and a higher turn over rate of merchandise and she is happy because she is waiting for the birth of her grandson. Noris thanks God for the Kiva lenders, because it is through Kiva that these lenders have wanted to share their resources and support in order to help others with diverse needs. Currently, Noris is applying for a loan that she will use to purchase more merchandise like supplies, foodstuffs, refreshments, sodas and milk products in order to stock her store. With new stock, the women in the neighborhood will have more options and Noris will be able to meet customer demand.
View original language description ↓
Gracias por apoyar a Noris en su tienda, pues con su credikiva logró tener su negocio más surtido y a una tasa de interés mas baja. Hoy tiene más clientes, mayor rotación de mercancías y está muy feliz pues espera el nacimiento de su nieto. Noris da gracias a Dios por los financiadores de Kiva porque a través de él ellos han querido compartir sus recursos de apoyo para ayudar a mucha gente con diversas necesidades. En la actualidad Noris está aplicando a un credikiva, mediante el cual comprará mucha mas mercancía como víveres, ranchos, refrescos bebidas, lacteos, para surtir su negocio, con ello las amas de casa tendrán más opciones de compra en su propio barrio y así se planea que la demanda se impacte.

Previous Loan Details

Noris is 51 years old and lives in the southwestern part of the city with her husband and her two children, who are 15 and 17 years of age. She has a grocery store where she sells meats, canned goods and other food and household items. The neighboring families visit her store daily to get ingre... More from Noris'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
  • 275
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,937.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Noris purchase basic necessities like supplies, foodstuffs, refreshments, sodas and milk products.
93% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 17, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015