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Roque De Jesus

Update on Roque De Jesus

Roque, 59, is married and has two offspring, 30 and 34, and he and his wife earn money for family expenses with a business of selling fruit, vegetables, and tubers. The business is open every day and he is an organized person who has managed to establish a stable business and generate income for the welfare of everyone in the home. He has regular customers to whom he extends credit and they pay him every week and every two weeks.

Now he would like to expand and have more opportunities for earning money. He has received 11 loans in the past 10 years from the Mario Santo Domingo Foundation. They have helped him finance his portfolio, increase his working capital and generate more profits each time. His loan with Kiva is #12 and he will buy a larger volume of tubers, vegetables and fruits, particularly grapes, which is one of the fruits that he sells more of for important family festivities around New Years.
View original language description ↓
Roque de 59 años es un hombre casado que tiene dos hijos en las edades de 30 y 34 años y genera ingresos para su hogar a partir de un negocio donde vende frutas, verduras y tubérculos, en compañía de su esposa. En su negocio vende diariamente y es una persona organizada que ha logrado formalizarlo y generar ingresos para lograr el bienestar de todos en casa. Cuenta con clientes fijos que les vede a crédito y le pagan cada 8 y 15 días, En la actualidad con su deseo de crecer y generar cada vez mas oportunidades de ingresos, ha logrado recibir 11 créditos durante 10 años de estar vinculado a la Fundación Mario Santo Domingo, con ellos ha financiar su cartera, aumentar su capital de trabajo y generar mas utilidades cada vez mas. Su credikiva es el crédito # 12, con el comprará en un mayor volumen tubérculos, verduras y frutas especialmente uvas que es una de las frutas que mas se venden por volúmenes importantes el las fiestas familiares en las cuales todos reciben su nuevo año.

Previous Loan Details

Roque is 58 years old and has a business selling tubers, fruits and vegetables at a busy location in the center of Barranquilla. He is married and has three children ages 27 to 32. He started the business more than 15 years ago, first selling small amounts of vegetables and slowly incorporating… More from Roque De Jesus'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
  • 241
    View loans »
    Colombia Loans Fundraising
  • $12,896,025
    Funds lent in using Kiva
  • 1,942.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Roque De Jesus to buy a greater volume of tubers, vegetables and fruits, especially grapes that is one of the fruits that sells the most in large amounts.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 29, 2011
Listed
Dec 31, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 18, 2012
This photo was used before for a previous loan for Roque De Jesus. It was first posted on Kiva on May, 2011. Learn More