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José Antonio

Update on José Antonio

Jose was very satisfied with his previous loan because increasing his stock resulted in increased his sales. He used his loan to buy clothing for men, women, and children. He currently wants to make the most of the last two months of the year and make his best sales yet. This is the season where his orders normally increase-and his income as well. This is exciting for Jose. He will use this new loan to buy clothing of all brands and for all tastes. He wants the families who visit his store to be able to get outfits for the end of year festivities. He only sells the best at his store. His goal for the future is to make improvements to his store. For this reason, he says to his lenders: Thank you for the support, because through these loans my household income has increased.
View original language description ↓
Jose compró ropa para damas caballeros y niños, con su anterior credikiva con el cual quedó muy satisfecho, porque aumentó sus ventas, pues tenia muy surtido su negocio. En la actualidad se propone aprovechar el último bimestre del año, para hacer su mejor venta, pues en esta época usualmente se incrementan sus pedidos, generadores de utilidades y esto a él lo entusiasma. Esta es la razón por la cual con su nuevo credikiva comprará ropa en todas las líneas y para todos los gustos, pues desea que las familias que lo visitan, se vistan en las festividades de fin de año, con la mejor ropa que solo se vende en su negocio. Su meta mas adelante es realizar mejoramientos locativos a su vivienda y por eso dice a sus financiadores: Gracias por el apoyo, porque a través de este crédito han crecido los ingresos en su hogar.

Previous Loan Details

José is a married man who has three children between the ages of 10 and 13. After he got his high school diploma at 19 years old, he began working as a contractor and learned how to make plaster molds, a job which he had for 10 years. At 23 years old he got married and began working for companie... More from José 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
  • 478
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,826.4
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $625 helped José Antonio to buy clothing of all brands for all tastes.
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Nov 9, 2012
Currency Exchange Loss:
Possible
Expired:
Dec 9, 2012
This photo was used before for a previous loan for José Antonio. It was first posted on Kiva on Dec, 2011. Learn More