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Jader Wadid

Update on Jader Wadid

Jader used his previous Kiva loan to pay cash for wholesale purchases of soft-drinks, mobile phone plans, liquor and novelties. With them, his business is much more active and earns higher income. He’s currently applying for a new Kiva loan that he will invest in the same way thus having greater liquidity, increased working capital and higher sales and profits. His investment will be successful because he’ll apply the loan to his business during a season when sales are high; a season when liquor, soft-drinks and novelties are highly sought-after items in sales stands. His message to Kiva lenders is the following: “I am very grateful to Fundación Mario Santo Domingo and to Kiva and hope to continue having your support to continue making progress in my business.”
View original language description ↓
Jader con su anterior credikiva compró al por mayor y de contado, refrescos, planes de celulares, licores y variedades, con ello su negocio está mucho mas activo y genera mas ingresos. En la actualidad está aplicando a un nuevo credikiva, que invertirá de la misma manera, con ello espera tener una mayor liquidez, aumentar su capital de trabajo e incrementar sus ventas y utilidades. Su inversión tendrá éxito, porque aplicará el capital de crédito a su negocio, en una temporada alta para las ventas, época en la que los licores, los refrescos y variedades son productos exigibles en estanterías comerciales. Su mensaje a los financiadores de Kiva es el siguiente: “ Estoy muy agradecida con la Fundación Mario Santo Domingo y con Kiva, espero seguir contando con su apoyo para continuar progresando en mi negocio. “

Previous Loan Details

Jader is 29 years old and lives in the July 20th neighborhood of the city of Barranquilla. There he has a retail business that also provides additional services. He sells soft drinks and miscellaneous goods from a storefront that also provides communication services. Jader also rents out movie... More from Jader Wadid'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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,902,200
    Funds lent in using Kiva
  • 1,824.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Jader Wadid to pay cash and buy soft-drinks, liquor and snacks at wholsale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014