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Manuel Agustin

Update on Manuel Agustin

Manuel used his previous Kiva loan to purchase many things, including a heated display case and a bicycle-delivery vehicle to distribute primary materials and supplies in larger volume. He received discounts, and the items sold very well.

At present, Manuel is applying for a new Kiva loan to purchase various implements, including a blender, a large kettle, and various merchandise, to respond to customer orders for Mothers Day.

Manuel's message to Kiva lenders is the following: "Many thanks for the loan; it was of great utility in advancing my business. I hope you will continue helping so that my business can continue to grow."
View original language description ↓
Manuel con su anterior credikiva compró muchas cosas, como una vitrina calentadora, 1 bicicarro de reparto y materias primas e insumos en mayor volumen, con los que ganó descuentos y vendió muy bien. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará implementos varios, como un molino, 1 licuadora, un caldero de gran tamaño y mercancías, varias para responder a pedidos en el día de las madres. Su mensaje a los financiadores de Kva es el siguiente: “Muchas gracias por el crédito, fue de gran utilidad para sacar mi negocio adelante, espero que me continúen apoyando para que mi negocio siga creciendo”.

Previous Loan Details

Manuel lives with his spouse and their four children, ranging in age from 7 to 14. They live in Malambo, a municipality in the metropolitan area of Barranquilla. He has a business there offering washing machines for rent. He also sells fried food daily. His experience dates back to when he ... More from Manuel Agustin'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
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,771.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Manuel Agustin buy various implements, including a grinder, a blender, a large kettle, and other kitchen items, to respond to his customer orders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2012
Listed
May 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2013