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Uriel Enrique

Update on Uriel Enrique

With his loan from Kiva, Uriel bought fabric wholesale with cash to make and sell clothing, especially jeans and sports shirts. He was very happy with his Kiva loan because it increased his working capital a little, and this gave him enthusiasm to continue with his intention to grow.

Now he is applying for new financing, and with it he will buy supplies such as fabrics, thread, and accessories in order to make clothing that hints at New Year's Eve parties and is in fashion. He sends the following message to those who support him financially: "I am very grateful to Kiva and to La Fundación Mario Santo Domingo, and I hope to continue receiving this support in order to continue making progress in business and domestically."
View original language description ↓
Uriel con su credikiva compró al por mayor y de contado, telas, para elaborar y vender ropa especialmente jeanes y camisetas deportivas. Con su crédito de Kiva quedó muy satisfecho, porque aumentó un poco su capital de trabajo y esto lo ha entusiasmado para continuar con su propósito de crecimiento. Ahora está aplicando a un nuevo financiamiento y con él comprará insumos como telas, hilos, accesorios, para confeccionar ropa alusiva a las fiestas de fin de año y al a moda. Él envía el siguiente mensaje a los financiadores es el siguiente: “Estoy muy agradecido con Kiva y con la Fundación Mario Santo Domingo, espero seguir recibiendo este apoyo para seguir progresando empresarial y familiarmente. “

Previous Loan Details

Uriel is 53 years old and lives in the neighborhood of July 20th Citadel, an area that combines formal and informal productive spaces, shopping centers, office buildings, residential complexes, private homes, and supermarkets. However, it is primarily known throughout all of Colombia because it ... More from Uriel Enrique'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
  • 363
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Uriel Enrique to buy supplies such as fabrics, thread, and accessories to make clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013
This photo was used before for a previous loan for Uriel Enrique. It was first posted on Kiva on Aug, 2011. Learn More