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Eduardo Luis

Update on Eduardo Luis

Eduardo bought fruit and vegetables that he used to generate a greater turnover of products. Today, he’s applying for a Kiva loan once again because he has a larger number of orders downtown which is a spot where he’s already staked out a position and demand is higher. He will use this loan to buy fruit and vegetables in larger amounts to increase the opportunity for volume discounts and quickly increase his sales thereby generating more income each time to benefit his family. He says to Kiva lenders: “Thanks for approving my loan.”
View original language description ↓
Eduardo compró verduras y frutas con las que generó mayor rotación de sus productos. Hoy está aplicando a un credikiva nuevamente, porque hay un mayor volumen de pedidos en el centro de la ciudad, lugar donde se encuentra ya posicionado y la demanda es mayor; con este crédito comprará verdura y frutas a un mayor volumen, con ello aumentará la oportunidad de obtener descuentos y aumentar rápidamente sus ventas, generando cada vez mas ingresos que beneficien a su familia. Él dice a sus financiadores de Kiva : “Gracias por aprobarme el crédito. “

Previous Loan Details

Eduardo lives with his wife and his six year old son to the southwest of the city. With his business of selling fruits and vegetables he has managed to support his household. Now, he wants to make it grow by infusing it with work capital. During the times of greater commercial movement, li... More from Eduardo 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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,800.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Eduardo Luis to buy fruit and vegetables in larger amounts.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 5, 2012
Listed
Sep 21, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013
This photo was used before for a previous loan for Eduardo Luis. It was first posted on Kiva on Dec, 2011. Learn More