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Malvy Luz

Update on Malvy Luz

With her previous Kiva loan, Malvy purchased dressing table items such as dyes, conditioners, hairspray and hair rinses for her business and she was well supplied and very satisfied. She is now asking for another Kiva loan in order to buy dyes and conditioners exclusively in greater volume, because she can get them at a good price and she wants to strengthen the offer of her hair dying service with a competitive price.

Her message to the lenders of Kiva is one of thanks and she hopes that they continue helping the people of Colombia, who want to achieve their dreams.
View original language description ↓
Malvy con su anterior credikiva, compró productos de tocador como tintes, balsamos, laca enjuagues capilares para el ejercicio de su actividad y se mantuvo bien surtida y muy satisfecha. En la actualidad está aplicando a un credikiva nuevamente, para comprar en mayor volumen tintes y balsamos exclusivamente, porque llegaron a un buen precio y quiere fortalecer la oferta de el servicio de tinturado de cabello, ofreciendo un precio competitivo. Su mensaje a los finacadores de Kiva, es de agradecimiento y desea que sigan apoyando a la gente que en Colombia, necesita cumplir sus sueños.

Previous Loan Details

Marly lives with her husband and three children, aged 21 to 27. They live in the Ciudadela 20 de Julio neighborhood, a place where the productive acitivities are in the formal and insector. There are residencial areas and housing, and recreational and sports infrastructure such as the Metropolita... More from Malvy Luz'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
  • 340
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,757.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Malvy Luz to buy dyes and conditioners.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 21, 2012
Mar 26, 2012
Currency Exchange Loss:
May 17, 2013