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Update on Merly

Merly bought packaged flour and other ingredients with which she made breads and pastries. With the increase in her production, she sold more, and obtained more money to buy in greater volume, so that she earned many discounts that have gone into her profits.

Since she received her credikiva loan she has been offering products at a better price and her clientele grows each day. This is the reason why she is approaching the institution for new Kiva financing through which she will buy wheat flour, cooking oils, sugar, etc. This is to increase her production once again and generate much more income to benefit her family.
View original language description ↓
Marly compró harina en bultos y otras materias primas con las que elaboró panes y productos de repostería, con el aumento de su producción vendió mas y obtuvo más dinero para comprar en mayor volumen con lo que ganó muchos descuentos, que se trasladaron a sus utilidades. Desde que recibió su credikiva, ofrece productos a un mejor precio y su clientela cada día crece más; esta es la razón por la cual acude a una nueva financiación con Kiva, mediante la cual comprará harina de trigo, grasas, azúcar etc. para aumentar una vez más su producción y generar muchos más ingresos que beneficien a su familia.

Previous Loan Details

Merly, 43, is a married woman who has three children between the ages of 17 and 24. She lives in the city of Cartagena where she has a bakery/pastry shop selling bread, puddings and desserts in various colors, sizes and shapes. She gained experience in this type of business working for severa... More from Merly'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
  • 276
    View loans »
    Colombia Loans Fundraising
  • $17,889,125
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Merly to buy wheat flour, cooking oils, sugar, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 18, 2013
Mar 4, 2013
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Merly. It was first posted on Kiva on Apr, 2012. Learn More