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Simona Del Camen

Update on Simona Del Camen

A previous Kiva loan helped Simona to buy food supplies, fabric, materials to make clothing and goods such as underwear and sweaters. This strengthened her two businesses as she managed to increase her business usefulness and was able to invest more. Her sales increased, she improved her ability to pay back her loan and now she feels more relaxed as she has also managed to improve her house.

Simona is now asking for a new Kiva loan. She will use 40% of it in buying construction materials to erect walls for her business and 60% in buying goods such as food provisions, fabric, materials to make clothing and items such as underwear and sweaters so that she can sell much more. She is grateful to lenders, saying "God bless you for the work you are doing."
View original language description ↓
Apoyar a Simona en la compra de víverés, telas, insumos para elaborar ropa y mercancia como ropa interior, sueteres etc, fue fortalecer sus dos negocios y esto fue logrado mediante su crédikiva,porque ha logrado mejorar su utilidad y poder realizar mas gastos . Sus ventas se incrementaron mejoró su capacidad de pago, y se siente hoy mas relajada pues ha logrado mejorar tambien su vivienda. En la actualidad está aplicando a un credikiva nuevamente y planea invertir un 40% de este la compra de materiales constructivos para hacer un levantamiento de muros en el negocio y un 60% en la compra de mercancias como víverés, telas, insumos para elaborar ropa y mercancia como ropa interior, sueteres para vender mucho mas. Ella agradece a sus finaciadores diciendo: " Que Dios los bendiga por la obra que están ejecutando."

Previous Loan Details

Simona, 56, lives with her spouse; she has three adult children. She started her business 23 years ago after having gained experience working in a firm. She decided to earn her income doing the only thing she knows how to do: to sell lunches, dairy products and varied merchandise like cream, sc... More from Simona Del Camen'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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,893.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Simona Del Camen to invest 40% in construction materials to build walls for her business and 60% in buying goods such as provisions, fabric, materials to make clothing and items such as underwear and sweaters.
85% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2014
Listed
Aug 12, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015