Update on RigobertoRigoberto says: “I feel very satisfied that thanks to support from Kiva lenders I’m able to still work and be productive though I’m an older person.” He used his previous Kiva loan to once again buy synthetic fabric he used to manufacture home appliance slipcovers that he quickly sold. This is why he’s applying for a new Kiva loan that he’ll use to make some home improvements to continue improving his quality of life.
Previous Loan DetailsRigoberto used his Kiva loan to buy synthetic plastic fabric at wholesale and manufactured slipcovers for washing machines, computers and printers. He increased profits and is very satisfied. He is currently applying for a new Kiva loan to buy synthetic fabric to make more slipcovers to respond... More from Rigoberto's previous loan »
About Fundación Mario Santo DomingoFundación 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
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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This loan has been fully funded!
- Repayment Term
- 39 months (Additional Information)
- Repayment Schedule
- Nov 9, 2012
- Nov 22, 2012
- Currency Exchange Loss:
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.