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Aurora Del Carmen

Update on Aurora Del Carmen

With Aurora's previous loan she was able to purchase a larger volume of merchandise and she was able to get better prices. Now she works more comfortably and is grateful to Kiva for the support provided. She is applying for a new loan to buy clothing, shoes and feminine accessories which have shown up in specialized guides for products on promotion. With these articles she will surprise her customers and increase her sales.
View original language description ↓
Aurora con su anterior credikiva logró comprar mercancía en un mayor volumen y así obtuvo mejores precios. Hoy trabaja con más comodidad y agradece a Kiva por su ayuda. En la actualidad está aplicando a un nuevo financiamiento mediante el cual comprará artículos como ropa y calzado además de accesorios femeninos, que han llegado en las guías especializadas de productos en promoción. Con ellos sorprenderá a su clientela para que sus ventas se incrementen.

Previous Loan Details

Aurora is a 45-year-old woman who lives in the city of Barranquilla with her husband and four children who range from 18 to 26 years old. She sells fried products, soft drinks and sweets in a kiosk. Her experience with this business dates back two years, as she started it in the year 2010 when ... More from Aurora 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.

About Colombia

  • $11,100
    Average annual income
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,857.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $300 helped Aurora Del Carmen to purchase articles such as clothing and shoes, as well as feminine accessories.
91% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2014
Listed
Jul 30, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015