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Luz Marina

Update on Luz Marina

With her prior loan, Luz Marina bought a lot of merchandise like shoes, clothing and undergarments that she sold for a good price because she got them at a discount. She'll invest her new loan in the purchase of personal hygiene and beauty products like colognes, powders, slippers and undergarments. Her message to Kiva lenders is, "I'm grateful and completely satisfied with the support Kiva provides businesspeople. Thanks to you they've improved their quality of life."
View original language description ↓
Con su credikiva anterior, Luz Marina compró mucha mercancía, como calzado, ropa interior y exterior que vendió a un buen precio, porque así mismo los consiguió con descuentos. Su nuevo credikiva lo invertirá en la compra de productos de aseo personal y de belleza tales como colonias, talcos, chancletas y ropa interior. Su mensaje a los financiadores de Kiva es el siguiente: “Mis agradecimientos y entera satisfacción por el apoyo que Kiva brinda a los empresarios. Porque gracias a ellos han mejorado su nivel de vida

Previous Loan Details

Luz Marina R. E., 53, lives in Barranquilla’s Las Palmas neighborhood with her two sons, who are 24 and 26 years of age. Her store is called “Variedades Luz;” she sells general merchandise and provides a small Internet access and cell phone service. She is asking for a $2.000.000 loan to buy ... More from Luz Marina'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
  • 241
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,951.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Luz Marina to buy personal hygiene and beauty products such as cologne, powders, slippers, and undergarments.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Nov 28, 2011
Dec 2, 2011
Currency Exchange Loss:
Jul 17, 2013
This photo was used before for a previous loan for Luz Marina. It was first posted on Kiva on Mar, 2010. Learn More