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Mercedes Vanessa

Update on Mercedes Vanessa

Mercedes invested her previous loan in the purchase of beauty products so she could offer quality service to her clients, and that is just what she did. She expanded her customer base by selling cosmetic products. Her customers are now requesting new products, and so Mercedes plans on getting another loan. She will use it to purchase beauty products from different laboratories and cosmetics, like perfume. With this loan, she will increase her stock, her sales and also her clientele. Mercedes's message to the financial backers is the following: “Thank you for keeping in mind us business owners who don't have much working capital to keep going. With your help, it is much easier for us.“
View original language description ↓
Mercedes invirtió su credikiva en la compra de productos de belleza para prestar un buen servicio a sus clientes y justamente esto fue lo que logró, porque amplió su cobertura de clientes y vendió productos cosméticos. En la actualidad sus clientes han solicitado nuevos productos y por eso planea recibir un credikiva, con el que comprará productos de belleza de diferentes laboratorios y cosméticos, así como perfumería, con esta inversión incrementará el surtido, aumentará las ventas y también su clientela. Su mensaje a los financiadores es el siguiente: “Muchas gracias por tener en cuenta a las personas que tenemos negocios y no contamos con mucho capital de trabajo para continuar y con el apoyo de ustedes se nos hace mas fácil. “

Previous Loan Details

Mercedes lives in the San José neighborhood in southern Barranquilla. There she has a beauty salon and offers haircuts, hairstyling, blow drying, dying, manicure, and pedicure services. Her business was born 2 years ago when she decided to generate income for her home, once she arrived to Barra... More from Mercedes Vanessa'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
  • 284
    View loans »
    Colombia Loans Fundraising
  • $17,895,450
    Funds lent in using Kiva
  • 1,842.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Mercedes Vanessa to purchase beauty products from different laboratories and cosmetics such as perfume.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 22, 2012
May 31, 2012
Currency Exchange Loss:
Nov 2, 2013