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Manuel Francisco

Update on Manuel Francisco

Manuel used his previous Kiva loan to travel to El Carmen de Bolívar and buy a large quantity of avocados which he sold both directly and also to his customers who are fruit distributors. He is very enthusiastic about his Kiva loan and is now requesting a new one so that he can make another investment in another very profitable [native] fruit called 'corozo'. He will soon be traveling to La Sierra Nevada de Santa Marta, one of Colombia's heavenly locations, to buy it. While he is there, he will enjoy the beauty of the landscape and make his purchase.
View original language description ↓
Manuel con su credikiva, se fue para el Carmen de Bolívar, compró en un importante volumen aguacates y los vendió directamente y entre sus clientes distribuidores de frutas. Él se encuentra muy entusiasmada con su credikiva y ahora está solicitando uno nuevo para hacer una nueva inversión en otra futa de mucha rentabilidad que se llama corozo y estará buscándola próximamente en la Sierra Nevada de Santa Marta, uno de los paradisiacos lugares de Colombia; lugar en el que se deleitará con la belleza de sus paisajes y realizará su nueva compra.

Previous Loan Details

Manuel is 38 years old and lives in the southwest of the city. He has 3 children between the ages of 10 and 15 years old. He has a business through which he sells fruit in the many city neighborhood and with which he’s supported himself and his family. Initially he was an assistant in a cabinetry… More from Manuel Francisco'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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Manuel Francisco to buy corozo fruit in bulk.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 19, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 27, 2013
This photo was used before for a previous loan for Manuel Francisco. It was first posted on Kiva on Jan, 2012. Learn More