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Alfredo

Update on Alfredo

Alfredo used his previous Kiva loan to buy 500 chickens, 65 laying hens, 10 pigs and 9 lots of concentrated feed. Things went very well with his main customers who are stores.

Alfredo is now applying for a new Kiva loan because he needs cash funds to buy chickens and laying hens as his business is now with the supermarkets who have already started placing orders with him. Alfredo sends the following message to Kiva lenders: "Many thanks for your support. It has been essential in growing and managing my business".
View original language description ↓
Alfredo con su anterior credikiva compró 500 pollos, 65 gallinas ponedoras, 10 cerdos 9 bultos de concentrado y le fue muy bien con sus principales clientes que son las tiendas. Hoy está aplicando a un nuevo credikiva, porque requiere fondo de efectivo para comprar pollo y gallinas ponedoras, porque ahora su negocio es con los supermercados, que ya le han encargado sus productos. Alfredo envía un mensaje a los financiadores de Kiva: ”Muchas gracias por su apoyo él ha sido fundamental para el crecimiento y organización de mi negocio“

Previous Loan Details

Alfredo V. is 49 years old. He lives in the municipality of Malambo, where he raises chickens and pigs. He learned this business more than 12 years ago, thanks to the fact that he always accompanied his father when he was transporting feed for a business that raised and sold chickens. Thus, toget... More from Alfredo'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
  • 297
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Alfredo to buy chickens and laying hens.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Alfredo. It was first posted on Kiva on May, 2011. Learn More