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Henry Manuel

Update on Henry Manuel

With his previous Kiva loan, Henry purchased milk purchased in the municipality of Concordia (department of Magdalena), where his parents and siblings live. He also sold the cheese and whey that they sent him and managed to earn more customers and more money. Henry was quite pleased and will buy these products once again, to respond to his increasing customer base. His message to funders is as follows: "Thank you for supporting me with my business which I have grown by investing the capital to earn more growth"
View original language description ↓
Henry con su credikiva anterior compró leche en el municipio de Concordia (departamento del Magdalena), donde residen sus padres y hermanos; él también vendió queso y suero que le enviaron y logró ganar mas clientes y mas dinero. Henry quedó muy contento y comprará una vez mas estos productos, para responder a su clientela que cada vez mas se multiplican. Su mensaje a los financiadores es el siguiente: "Gracias por apoyarme en mi negocio ya que he crecido por contar con un capital que he invertido logrando asì crecer."

Previous Loan Details

Henry Manuel S., age 29, lives in the "7 de Abril" neighborhood in the city of Barranquilla, with his wife and son, age 7. He arrived in Barranquilla from the town of Concordia in the department of Magdalena, got married and had a son. He decided to earn an income doing what he knew best which ... More from Henry Manuel'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
  • 555
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Henry Manuel cheese whey and milk.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
Apr 12, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 27, 2013