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Concepción Valerio

Update on Concepción Valerio

With his previous Kiva credit, Concepción bought a hotdog cart and chairs, and the money even stretched to buy some of the raw materials and ingredients he uses to make his delicious products. He is now applying for a new loan to buy a chiller and work instruments and to adapt his kitchen to improve working conditions and buy ingredients, as Christmas is coming, and hopes to make a lot of money during this period, when there is a big increase in sales. To his backers, he sends the following message: "I am very grateful for my previous loan. I hope you can continue to support me so my business can keep growing."
View original language description ↓
Con su anterior credikiva Concepción compró un carro de perros calientes, sillas, y hasta le alcanzó para comprar materias primas e insumos, con las que preparó sus deliciosos productos. En la actualidad está aplicando a un nuevo credikiva para comprar un enfriador e implementos de trabajo, realizará adecuaciones a su cocina para trabajar en mejores condiciones y comprará insumos, porque se acerca navidad y espera ganar mucho dinero en esta temporada de gran repunte en las ventas. A sus financiadores envia el siguiente mensaje: " Estoy muy agradecido por mi credito anterior, espero que me sigan apoyando para continuar ipulsando el crecimiento de mi negocio. "

Previous Loan Details

Concepción Valerio B. F. lives in Malambo and has sold prepared meals for over twenty years. He worked in a restaurant for five years and this is where he got the experience. When he retired he used his severance pay to follow his dream of being independent in some strategic location in… More from Concepción Valerio'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

  • $6,070
    Average annual income
  • 224
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,911.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Concepción Valerio to buy raw materials and ingredients for his daily meals especially sauces and to add more chairs and work tools because he has many more customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2011
Listed
Nov 16, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012