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José

Update on José

With José's previous "CrediKiva" loan, he invested in fixing up his work space and buying certain tools, like testers and drills. His CrediKiva helped him a lot, because he improved the appearance of his business and the quality of his work thanks to his new tools, so his sales also increased. Since he received that loan, his family life improved because his income has increased and he is much more able to pay for family expenses. He sends this message to Kiva lenders: "I am very thankful because you allowed me to improve my working conditions with better infrastructure and better tools."

He is currently applying for another CrediKiva, which he will use to buy car speakers and electric wiring for standard radios. His investment will be successful because he has clients who demand those items.
View original language description ↓
José con su anterior credikiva, invirtió en la adecuación de su puesto de trabajo y en la compra de algunas herramientas como tester y taladros. Su credikiva lo benefició mucho porque la imagen de su negocio mejoró y aumentó la calidad de sus trabajos, con las nuevas herramientas, por eso se incrementaron sus ventas. Desde que recibió su crédito su vida familiar mejoró porque ahora recibe más ingresos, para apoyar mucho más los gastos familiares. Él envía un mensaje a los financiadores de Kiva : Estoy muy agradecida ya que me permitieron mejorar mis condiciones de trabajo, con una mejor infraestructura y mejores herramientas. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará Parlantes para vehículos, cable eléctrico para radios convencionales; su inversión tendrá éxito porque cuenta con clientes que demandan estos artículos.

Previous Loan Details

José, who is 66 years old, offers electronic services for vehicle maintenance and repairs. He developed his job experience as a mechanic and elecromechanic's assistant. He was employed by a company for 6 years, from which his own company was born. He lost his job and decided to do the job inde... More from José'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
  • 570
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,816.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped José to buy speakers for vehicles and electric wiring for radios.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 4, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2013