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Carmen Victoria

Update on Carmen Victoria

With her last “credikiva” [Kiva loan], Carmen bought primary materials for repacking condiments such as cinnamon bicarbonate, cloves, honey, and raisins. Now, Carmen is requesting a new Kiva loan to purchase these same products anew to re-pack them for retail, hoping to increase her working capital.

Carmen's message to Kiva lenders is as follows: “Many thanks to Kiva and to the Fundacion Mari Santo Domingo for the financial help they have offered me. With these loans we aspire to better our level of life by augmenting business profits.”
View original language description ↓
Carmen con su credikiva anterior compró materias primas para el empaque de condimentos como canela bicarbonato, clavito, miel de abejas y uvas pasas., En la actualidad está aplicando a un nuevo credikiva, con el cual comprará nuevamente estos productos para hacer el proceso de reempaque y volver a vender y a aumentar su capital de trabajo. Su mensaje a los financiadores de Kiva es el siguiente: “Muchas gracias a Kiva y a la Fundación Mari Santo Domingo, por el apoyo financiero que me han brindado, con estos préstamos, aspiramos a mejorar nuestro nivel de vida a través del aumento en las utilidades del negocio. “

Previous Loan Details

Carmen Martínez lives in Bogota, the capital of Colombia, and sells cinnamon, cloves, baking soda, and other condiments. She packs these spices in plastic bags. Carmen started this microenterprise 15 years ago because she needed to generate income for her family. Seeing the need that other fami... More from Carmen Victoria'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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $17,900,800
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Carmen Victoria purchase condiments in bulk and packaging to market them.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 23, 2012
Apr 13, 2012
Currency Exchange Loss:
Aug 19, 2013