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Santiago Emiro

Update on Santiago Emiro

Santiago is very satisfied because he used his loan from Kiva to buy large quantities of thread, made more hammocks and bags he sold, and invested more in his business because the number of orders increased. He plans on requesting Kiva a second loan to buy more thread to design more bags, brought all of the way from Panamá, that are well received in the city of Cartagena. He can count on their business because he has many orders from them. He is very thankful for the Kiva lenders and asks for them to continue supporting artisans so that they can continue supporting their families and in the future generate more jobs for people who need them.
View original language description ↓
Santiago está muy satisfecho porque con su credikiva adquirió hilo fino en un importante volumen, produjo hamacas y bolsos que vendió e invirtió nuevamente, porque aumentaron sus pedidos en estos artículos. Ahora planea hacer su siguiente credikiva, para invertir en nuevos hilos, para emular nuevos diseños bolsos que traen desde Ciudad de Panamá y que tienen buena acogida en la ciudad de Cartagena; con ellos tiene asegurada su venta, porque está basada en los pedidos que ha hecho su clientela. Su mensaje a los financiadores de Kiva es de mucho agradecimiento y pide que sigan apoyando a los artesanos, para que mejoren así sus ingresos familiares y mas adelante puedan generar empleos para la gente que necesita trabajar.

Previous Loan Details

Santiago L. is a man living in San Jacinto, a municipality located in Bolívar department. He is a merchant selling hammocks, purses and artisanal items that are manufactured here. His good organization and help from his wife have been key elements in his business’ good development. Initially... More from Santiago Emiro'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
  • 420
    View loans »
    Colombia Loans Fundraising
  • $16,316,100
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Santiago Emiro buy thread.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
May 28, 2012
Jun 6, 2012
Currency Exchange Loss:
Jan 17, 2014