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Update on Rosaira

Thank you for supporting Rosaíra who used her Kiva loan to buy beauty products like body cream, perfume for men and women, scented talc and deodorant thus filling customer orders. She was able to expand her business’ working capital strengthening it and increasing her clientele.

She’s currently applying for a new loan to buy catalog merchandise like perfume, cream, shampoo, women’s dresses, costume jewelry like necklaces, earrings, bracelets and shoes. Rosaíra says to her lenders: “Thank you for all the support received. I owe my business being more productive and prosperous today to Kiva.”
View original language description ↓
Gracias por apoyar a Rosaíra, quien con su credikiva pudo comprar artículos de tocador, como cremas corporales, perfumes de hombre y mujer, talcos perfumados, desodorantes; pudiendo atender los pedidos de sus clientes. Con esto logró ampliar el capital de trabajo de su negocio, fortaleciéndolo, incrementando su clientela. En la actualidad está aplicando a un nuevo crédito para invertir en la compra de productos por catálogos, como perfumes, cremas, champú, vestidos de mujer, artículos de bisutería, como collares, aretes, brazaletes, y calzado. Rosaíra dice a sus financiadores: “Gracias por el apoyo recibido, a Kiva le debe que hoy su negocio sea más prospero y productivo.

Previous Loan Details

Rosaira used her previous Kiva loan to buy a lot of different goods and she was able to fill her customers' orders. She sold ladies' clothing, men's clothing, beauty products and merchandise which was available in her catalogs at special discounts. She managed to improve her stock turnover and ... More from Rosaira'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
  • 277
    View loans »
    Colombia Loans Fundraising
  • $17,895,450
    Funds lent in using Kiva
  • 1,884.9
    Colombia Pesos (COP) = $1 USD
A loan of $1,175 helped Rosaira to buy catalog merchandise.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 17, 2013
Jun 20, 2013
Currency Exchange Loss:
Jul 20, 2013