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Update on Marquesa

Thank you for supporting Marquesa in her retail trade, because with her previous Kiva loan she was able to buy bracelets, earrings, children’s clothing, underwear, nail polish, lipsticks, and many items that her customers wanted. She was able to get a good discount with the bulk purchase. Her business grew, and now she works on it from a shop located very near her home. Currently, she is applying for new funding to buy hardware supplies, tools, light bulbs, electric cables, bathroom and kitchen accessories, nuts and bolts, and stationery. With everything that is happening to her business, Marquesa says to her Kiva lenders: “Thanks to them we take advantage of every opportunity. May they keep on reaping.”
View original language description ↓
Gracias por apoyar a Marquesa en su actividad comercial, pues con su anterior credikiva pudo comprar pulseras, aretes, ropa infantil ropa interior, esmaltes, labiales y muchos artículos, que sus clientela requerían. Ella con esta inversión en mayor volumen, pudo lograr un gran descuento. Su negocio se amplió y ahora atiende desde un local ubicado muy cerca a su domicilio. En la actualidad, está aplicando a un nuevo financiamiento, para comprar materiales de ferretería, herramientas, bombillos lámparas, cables de electricidad, accesorios para baños y cocinas, tornillería y papelería. Con todo esto que le esta pasando a su negocio: Marquesa dice de sus financiadores de Kiva “Gracias a ellos nos beneficiamos de todas las oportunidades y que sigan cosechando”

Previous Loan Details

Marquesa is a woman dedicated to everything that she does. She is a widow and has two children ages 24 and 28 who are her motivation to continue working hard every day more with happiness and tenacity. Since 1983, she has lived in the south of the city and for ten years she has been dedicated to ... More from Marquesa'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
  • 226
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,881.8
    Colombia Pesos (COP) = $1 USD
A loan of $800 helped Marquesa to buy hardware supplies, tools, lightbulbs, electric cables, bathroom and kitchen accessories, nuts and bolts, and stationery.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 8, 2013
Oct 9, 2013
Currency Exchange Loss:
Nov 8, 2013