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Juan Alberto

Update on Juan Alberto

With his previous Kiva loan, Juan bought organic supplies, crates, combs, and cores to produce the honey which he sold. He also bought merchandise that he wife sold, and both of them increased their working capital.

He is about to receive a new Kiva loan to buy supplies for his apiaries because he wants to keep them strong. He will also replaster the walls of his house because his goal is to make it more comfortable. He is grateful to Kiva for all of this and hopes the lenders will continue to support small producers so that they can increase their incomes as he has been doing until now.
View original language description ↓
Juan con su anterior credikiva compró materiales biológicos, cajas, láminas de cera y núcleos para producir la miel de abejas que comercializó como estaba previsto; así mismo invirtió en mercancía que su esposa vendió y cada uno logró aumentar su capital de trabajo. En la actualidad se prepara para recibir un nuevo credikiva con el cual comprara materiales para sus apiarios, pues desea continuar fortalecerlos. También repellará paredes en su vivienda, pues tiene como meta hacer de su hogar un lugar cada vez más confortable. Todo esto Juan lo agradece a Kiva y espera que continúen apoyando al pequeño productor, para que logren mejorar sus ingresos, como lo han venido haciendo hasta hoy.

Previous Loan Details

Juan used his Kiva loan to buy many things, and he is happy. He bought materials for beekeeping; tap holes, bases, boxes, frames, comb foundations, and lids and tops. He had enough to buy merchandise for the store that he has in his house, which his wife attends to. Juan tells the Kiva lende... More from Juan Alberto'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
  • 272
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Juan Alberto to buy supplies for his apiaries and constuctions materials to replaster the walls of his house.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013
This photo was used before for a previous loan for Juan Alberto. It was first posted on Kiva on Aug, 2011. Learn More