Check out some available loans that are similar to this one!
Levis

Update on Levis

Levis is 47 and with a prior loan was able to improve his shop, buy chairs and stock merchandise. He is pleased with the result and now seeks credit to buy additional chairs, soft drinks, merchandise and other items to grow his working capital. His message to Kiva lenders is the following: “Many thanks! This is the first time I have had access to credit and I have used it well. Please continue to support businesses such as mine. “
View original language description ↓
Levis de 47 años con su credikiva anterior compró sillas, arregló su local y surtió su negocio con nuevos víveres. El está satisfecho y ahora está aplicando a un nuevo credikiva, pues adicionará nuevas sillas, refrescos y víveres para continuar aplicando un capital de préstamos que le ayude a aumentar su capital de trabajo. Su mensaje a los financiadores de Kiva es el siguiente: “Muchas gracias, es la primera vez que he tenido crédito con una entidad y me ha ido muy bien espero sigan apoyándome. “

Previous Loan Details

Fifteen years ago, Levis, with his sister's support, rented a locale where he opened a small beverage stand. It was across from the hospital and town hall, and there he started to develop his enterprising skills. He had a lot of problems, because he had to refrigerate his beverages with ice becau... More from Levis'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
  • 496
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,945.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Levis to buy plastic tables and chairs, juices, cookies, beverages, and diapers in wholesale quantities.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 30, 2011
Listed
Dec 2, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013
This photo was used before for a previous loan for Levis. It was first posted on Kiva on Jun, 2011. Learn More