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Update on Carmen

Carmen invested her previous loan in clothing, shoes, and home and personal hygiene products – and she was able to increase her customer base. With this new loan, she will invest in shoes, clothes, catalogue products, and other merchandise. She feels like she will be successful, because her sales are based on customers’ requests, and her customers work and have steady incomes.

She is committed to strengthening and continue her business, and her message to Kiva investors is: “Thank you for your support; big corporations are born from small businesses”
View original language description ↓
Carmen invirtió su crédito anterior en vestuario, calzado, productos del hogar y aseo personal y logró incrementar su clientela. Su nuevo crédito lo invertirá en calzado, vestuario, productos por catalogo y mercancía en general; ella siente que tendrá éxito por su clientela selecta, porque las ventas son pedidos anticipados de sus clientes y la mayoría trabajan y generan ingresos. Ella está muy dispuesta a fortalecer y continuar con su miscelánea, Su mensaje a los financiadores de Kiva es el siguiente: “Gracias por el apoyo; de los pequeños negocios, nacen las grandes empresas”

Previous Loan Details

Carmen is 42 years old and lives to the south of the city with her husband and 10-year-old child. She sells a variety of merchandise, especially clothes for women, men, and infants. Carmen started her business 20 years ago, buying clothes that she would sell later to the public. She ordered cl... More from 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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $18,216,850
    Funds lent in using Kiva
  • 1,804.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Carmen will invest in shoes, clothes, catalogue products, and other merchandise.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Aug 27, 2012
Sep 23, 2012
Currency Exchange Loss:
Oct 18, 2013