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Maria Del Carmen

Update on Maria Del Carmen

María used her previous Kiva loan to buy foodstuffs, rice and sugar; she increased sales. She also bought a new freezer and is now selling cold cuts.

She is currently going to buy a good supply of foodstuffs to stock her store with the products her customers buy most often and that she does not have. Her turnover is very quick so sales will increase and with them so will her income. This is the reason she’s calling on a Kiva loan to buy canned goods, cured meats, and dairy products and candy because her working capital is insufficient to invest in these new products but with a Kiva loan she’ll have them on display real soon.

Her message to Kiva lenders is the following: “I am very grateful for the Kiva loans because I’ve been able to continue working thanks to them because sometimes it’s difficult for me to restock quickly.”
View original language description ↓
Maria con su anterior credikiva compró víveres, arroz, azúcar y aumentó sus ventas; así mismo adquirió un congelador nuevo y ahora está vendiendo carnes frías. En la actualidad va a comprar una buena proporción de víveres con los cuales surtirá su negocio con productos que los clientes compran usualmente y ella no los tiene, aunque su rotación es muy rápida y le permitiría aumentar sus ventas y con ello sus ingresos. Esta es la razón por la cual acude a un credikiva, con el cual comprará enlatados, embutidos, lácteos y dulcería, porque su capital de trabajo aun no es suficiente para invertir en estos nuevos productos que con credikiva estarán muy pronto en su exhibición. Su mensaje a los financiadores de Kiva es el siguiente: “Estoy agradecido con los préstamos “Credikiva” pues con ellos he podido sobrevivir, trabajando porque muchas veces me es difícil surtir rápidamente”. “

Previous Loan Details

Maria is a 53 year-old woman who lives in San Jacinto, a town in Bolívar municipality which is noted for the handicrafts that the local women make, especially the vertical looms with which they make their hammocks and backpacks. Maria has five children aged between 11 and 36. Her three younge... More from Maria Del Carmen'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
  • 233
    View loans »
    Colombia Loans Fundraising
  • $17,844,225
    Funds lent in using Kiva
  • 1,776.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,150 helped Maria Del Carmen to buy stock merchandise for her store.
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jul 12, 2012
Jul 24, 2012
Currency Exchange Loss:
Aug 23, 2012