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Mary

Update on Mary

Thank you for supporting Mary. With her Kiva loan, she was able to purchase natural products, which started off on her shelf and sold very quickly. Her sales increased and, likewise, her profits. To her Kiva financial backers, she says, “Thank you very much for participating in the fulfillment of my personal dreams”. Today she is applying for yet another loan through which she will purchase natural products for stress, nutritional products, and general foods. With this investment, she will once again have new sales and new stock rotation.
View original language description ↓
Gracias por apoyar a Mary quien con su credikiva pudo comprar productos naturales que ubicó en su estantería y vendió rápidamente, sus ventas se incrementaron y así mismo sus utilidades. Ella dice a sus financiadores de Kiva: “ Muchas gracias por participar en el cumplimiento de los sueños personales”. Hoy está aplicando aun nuevo financiamiento mediante el cual comprará productos naturales para el estrés, productos nutritivos y alimenticios en general. Con esta inversión una vez mas tendrá nuevas ventas y nueva rotación.

Previous Loan Details

Mary, 45 years old, is married with two children ages 20 and 22. Eight years ago, she decided to start her own business selling beauty products and medicinal products in order to help pay her family's household expenses. She started out by working with some beauty suppliers and attending their… More from Mary'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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,932.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,300 helped Mary to purchase natural products for stress, nutritional products, and general foods.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2014
Listed
Apr 30, 2014
Currency Exchange Loss:
Possible
Expired:
May 30, 2014
This photo was used before for a previous loan for Mary. It was first posted on Kiva on Jun, 2013. Learn More