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Elizabeth Del Carmen

Update on Elizabeth Del Carmen

Elizabeth increased her sales, made loyal customers and improved the profits on her sales thanks to the previous loan she received from Kiva.

Today, she is requesting a new loan to buy clothing, shoes and other items requested by her customers. She asks her financial backers to continue supporting producers, and that they invest in new projects, because with their help she managed to increase her sales and profitability, which benefits her family.
View original language description ↓
Elizabeth aumentó sus ventas, fidelizó a sus clientes y mejoró la utilidad de sus ventas y esto fue gracias a su credikiva. En la actualidad está aplicando a un nuevo financiamiento con el cual comprará ropa, calzado, y artículos variados por solicitud de su clientela. Ella pide a sus financiadores que sigan apoyando a la clase productiva y que inviertan en nuevos proyectos, pues con su ayuda logró aumentar sus ventas y obtener una mayor rentabilidad que finalmente beneficia a su familia.

Previous Loan Details

WIth her previous loan, Elizabeth bought merchandise like shoes, flip-flops, clothing, and underwear, among other things, and a display case where she can exhibit it all. This has been extremely useful for her business; her sales have increased, and she has better infrastructure and a stock of in... More from Elizabeth 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
  • 399
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Elizabeth Del Carmen to buy clothing, shoes, and other items.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 4, 2013
Currency Exchange Loss:
Jun 17, 2014
This photo was used before for a previous loan for Elizabeth Del Carmen. It was first posted on Kiva on Jun, 2012. Learn More