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Israel

Update on Israel

Israel is very grateful to Kiva because he used his loan to buy shoes, purses and two mobile phone plans. His sales have increased because he expanded his business with more merchandise and the mobile phone plans. He will use his new loan to buy women’s and men’s shoes and clothes in general. He will also buy another mobile phone plan because demand for this service has increased. His dream is to have a good locale in which to set up his business to create a more comfortable environment for his customers. He sends the following message to lenders: “I’m very grateful. Continue helping us small businessmen with your loans.”
View original language description ↓
Israel está muy agradecido con Kiva porque con su crédito compró calzado, bolso y 2 planes de celulares. Sus ventas se han incrementado ya que ampió mas su negocio con la mercancia y los planes de celulares. Su nuevo credito lo invertirá comprando calzado para damas, caballeros y ropa en general, tambien comprará otro plan a celular, porque su demanda de este servicio se ha incrmentado. Su sueño es tener un buen local donde ubicar su negocio, para generar un ambiente mas confortable a su clientela. El envia el siguiente mensaje a los finaciaores: "Estoy muy agradecido Y que sigan apoyandonos a los pequeños empresarios con sus créditos: "

Previous Loan Details

Israel is a merchant of bags, footwear, and sweets and he also offers telecommunication services that he sells by the minute. His business started when his daughter had the idea of selling cell phone minutes and four years ago, upon entering the university, she left it to Israel. However, for him… More from Israel'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
  • 233
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Israel to buy shoes and clothes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 26, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Israel. It was first posted on Kiva on Oct, 2011. Learn More