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Update on Gonzalo

Gonzalo is very happy because he was able to increase his ability to buy vests, reflectors, and motorcycle accessories thanks to his Kiva loan. His income has increased little by little and he is able to provide his daughter with a better quality of life. He is sending a message to the Kiva lenders and is asking that they continue supporting him and his small business sector. He also appreciates the trust they placed in him when giving him this loan. He is asking for another loan that he will use to buy motorcycle accessories, such as helmets, vests, rear view mirrors, and seats. These items are constantly sought after by his customers and he needs have a stock on hand in order to increase his sales. They sell quickly.
View original language description ↓
Gonzalo está muy contento, porque con su credikiva pasado pudo ampliar sus posibilidades de compra de chalecos, reflectores y accesorios para motociclistas. Sus ingresos se han incrementado y poco a poco puede brindarle mejores condiciones de vida a su hija. Él envía a sus financiadores de Kiva un mensaje, donde pide lo sigan apoyando a él y en general al sector microempresarial que lo necesita ; así mismo agradece la confianza que en él depositaron para hacerle un crédito. En la actualidad está aplicando a un credikiva, mediante el cual comprará artículos para motocicletas como cascos, chalecos, retrovisores, y sillas, que son productos muy solicitados por los clientes y necesita tener un inventario de ellos, para aumentar sus ventas, pues rotan muy rápidamente.

Previous Loan Details

Gonzalo, 42, lives in the city of Barranquilla. He has an 8-year-old son and works selling motorcycle accessories. He started his business 13 years ago, when he arrived looking for work from the city of Bucaramanga, in the department of Santander. This was how he decided to undertake a bus... More from Gonzalo'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
  • 366
    View loans »
    Colombia Loans Fundraising
  • $15,627,225
    Funds lent in using Kiva
  • 1,799.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Gonzalo to buy motorcycle accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 16, 2012
Dec 10, 2012
Currency Exchange Loss:
Dec 19, 2013