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Jorge Luis

Update on Jorge Luis

With his previous loan, Jorge bought materials and food supplies with which he expanded his product offering and his sales. He also repaired his fast food cars and invested in an umbrella to protect himself from the rain and inclement sun that accompany life in the beautiful and historic city of Cartagena de Indias. Currently, he is applying for a new loan, which he wants to use in a variety of ways. On the one hand he will invest again in primary materials and food supplies with which he will continue increasing his work capital; he will also repair his display window, offering in this way a better quality image of his business; and finally he will buy another washer, in order to add laundry services to his business.

In his expression of gratitude for this financial support, he asks that Kiva lenders continue supporting him. His business has a great deal of potential for growth, and it is this which will ultimately carry him little by little towards achieving his dream of prosperity, which is simply to have his own house in order to stabilize his family life.
View original language description ↓
Jorge compró materiales e insumos con los cuales aumentó su oferta de productos y sus ventas, adicionalmente reparó los carros de comidas rápidas, e invirtió en un paragua para resguardarse de la lluvia y el inclemente sol, que acompaña a la hermosa e histórica ciudad de Cartagena de Indias. En la actualidad está aplicando a un nuevo credikiva, recurso con el cual quiere hacer varias inversiones, por un lado invertirá nuevamente en materias primas e insumos de alimentos, con los cuales continuará aumentando su capital de trabajo; también reparará su vitrina, ofreciendo así una buena imagen de calidad de su negocio y finalmente comprará una lavadora mas, para adicionar a su negocio el de lavandería. En su expresión de agradecimiento por este soporte financiero, pide a los financiadores de Kiva que continúen apoyándolo. Su negocio tiene mucho potencial de crecimiento y esto es lo que finalmente lo llevará poco a poco a conseguir el sueño de prosperidad que no es otro que tener su propia casa para estabilizar totalmente su vida familiar.

Previous Loan Details

Jorge is 44 years old and lives in the city of Cartagena with his wife and children aged 10 to 18. On the terrace outside his house, he sells fried food and fast food. He started this business with a lot of dreams and is supported by his wife. They are in agreement as to their need to make inc... More from Jorge Luis'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
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,787.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jorge Luis to invest in primary materials and food supplies, to repair his display case, and finally to buy another washer to add laundry services to his business.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Aug 19, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013