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Update on Denis

Denys, with her previous loan, purchased products through specialized magazines and catalogs. Her clients feel she has provided a good service and she has the potential to increase her working capital. Today, she is applying for a new loan with Kiva that she will use to purchase perfumes, creams, cosmetics and hair products that have been ordered by her clients; she needs to meet demand in order to keep them happy. She sends the following message to her Kiva lenders: "I am thankful for the help I have received and I invite them to continue funding micro-businesses in Colombia."
View original language description ↓
Denys con su anterior crédito compró productos mediante su guía especializada o catálogos, sus clientes se sintieron bien atendidos y ella pudo aumentar su capital de trabajo. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará perfumería, cremas, cosméticos y productos capilares, que han sido encargados por su clientela e igualmente necesita responderles para continuar fidelizándolos. Ella envía el siguiente mensaje a sus financiadores: “ Agradezco la ayuda recibida y los invito a seguir apoyando a los microempresarios de Colombia. “

Previous Loan Details

Denis, 39, lives in Puerto Colombia with her two children whose ages are 18 and 2. There in this land of beach, breeze and sea with important tourism potential she sells merchandise via specialized catalogues to earn income to support her two children. Colognes, perfume, creams and make-up are ... More from Denis'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
  • 357
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Denis purchase perfumes, creams, cosmetics and hair products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Mar 14, 2013
Currency Exchange Loss:
May 20, 2014