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Porfirio Antonio

Update on Porfirio Antonio

Porfirio used his prior Kiva loan to buy soft drinks and supplies to make his fast food, such as bread, meat, vegetables and sauces. He was particularly interested in obtaining supplies for the weekend festivities. The new Kiva loan he has applied for will be a cash fund to buy new supplies of meat and cold cuts, which he will use to increase his production of fried potato with sausage, hotdogs, skewered meats and hamburgers. This is because he is now located in a square which has been made available to vendors, who had previously been located in public spaces.

Porfirio is very happy and thankful to Kiva lenders, and hopes to continue receiving this financial support so that he can move forward professionally and with his family.
View original language description ↓
Con su anterior credikiva Porfirio compró refrescos e insumos para la elaboración de sus comidas rápidas como panes, carne verduras y salsas, disponiéndose especialmente para las festividades de cada fin de semana. Su nuevo credikiva, al que ahora aplica será un fondo de efectivo para hacer nuevas compra de embutidos y carnes, con los que pretende aumentar su producción de salchipapas, perros calientes, chuzos hamburguesas, pues ahora su ubicación es en una plaza adjudicada a los vendedores que antes estaban ubicados en espacios públicos. Porfirio se encuentra muy feliz y agradecido con los financiadores de Kiva y espera seguir recibiendo este apoyo económico para continuar progresando tanto en su empresa como en su familia.

Previous Loan Details

Porfirio is very happy because with his Kiva loan he was able to increase production of salchipapas (a traditional fast food consisting of sausages and french fries) and hamburgers. He has been encouraged and as he needs some funds to purchase ingredients and products to respond to client demand,... More from Porfirio Antonio'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
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,815.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Porfirio Antonio to buy cold cuts and meats, which he will use to increase his production of fried potato with sausage, hotdogs, skewered meats and hamburgers.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 24, 2012
Listed
Sep 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2013