Check out some available loans that are similar to this one!
Serafina Ludys

Update on Serafina Ludys

Merchandise on order is what Serafina bought with her last Kiva loan. With this investment, she was able to fortify her working capital and improve the liquidity of the business which once more benefitted her family income. This time she is applying for a new Kiva loan with which she will buy varied merchandise, such as clothing, footwear, accessories, etc. in order to meet the demand of the second half of the year, a time when her sales usually increase and she will once again obtain more advantage if she invests quickly.
View original language description ↓
Mercancia sobre pedidos, fue lo que compró Serafina con su anterior credikiva; con esta inversión ella logró fortalecer su capital de trabajo y mejorar la liquidéz del negocio beneficiando una vez mas sus ingresos familiares. En la actualidad está aplicando a un nuevo credikiva, mediante el cual comprará mercancia variada, como ropa calzado accesorios etc. para atender la demanda del segundo semestre del año, temporada en la que usualmente se incrmentan sus ventas y nuevamente obtendrá mayores utilidades si invierte rapidamente.

Previous Loan Details

Serafina was very happy with her previous Kiva loan because she managed to have additional working capital, which bought beers, footwear, clothing, cosmetics and perfume. The merchandise sold to her customers, earning more money than usual, which she used to improve her housing conditions. Her... More from Serafina Ludys'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

  • $11,100
    Average annual income
  • 504
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,868.7
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,875 helped Serafina Ludys to buy varied merchandise, such as clothing, footwear, accessories, etc.
50% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Jun 30, 2014
Jul 27, 2014
Currency Exchange Loss:
This photo was used before for a previous loan for Serafina Ludys. It was first posted on Kiva on Dec, 2012. Learn More