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Angel

Update on Angel

Angel did very well with his last Kiva loan. He bought and sold a lot of fish, once again generating profits for his business. With his new Kiva loan, which he is now applying for, he will buy fish at wholesale on a cash basis. He will buy fish such as: largehead hairtail, corvina, painted mackerel, blue runner, Spanish mackerel, sea bass, snapper, Crevalle Jack, and prawns. With this investment, he will be able to respond to the demands coming from his established customer base in Puerto Colombia. This is a season that is commercially very profitable, and this will be precisely the reason for his success with this Kiva loan.

Angel wants to send the following message to the Kiva lenders: "May the Blessed Virgin shower you and your families with blessings for the generosity you have shown towards the small-businessmen and women of the world."
View original language description ↓
Angel le fue muy bien con su anterior credikiva, pues compró mucho pescado y lo vendió, generando una vez mas utilidades nuevas en su negocio; con su nuevo credikiva, al que hoy aplica, comprará al por mayor y de contado pescado, como sable corvina, carito, cojinúa, sierra, robalo, pargo, jurel y langostinos, con esta inversión responderá a su acreditada clientela de Puerto Colombia, en una temporada muy rentable comercialmente y esto es justamente donde radica el éxito de su credikiva. Angel envía el siguiente mensaje a los financiadores de Kiva: “Que la santísima virgen los colme de bendiciones a ustedes y sus familias por la generosidad mostrada con los pequeños empresarios del mundo. “

Previous Loan Details

Ángel, 45, is married and has two children, aged 18 and 20. He lives in Puerto Colombia, a town located on the coast of the Caribbean, with great tourist potential; such that many families from Barranquilla and other nearby cities relocate there to enjoy its beach and sea breeze and the deliciou... More from Angel'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

  • $6,070
    Average annual income
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,802.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Angel to buy fish at wholesale.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2012
Listed
Dec 12, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Angel. It was first posted on Kiva on Apr, 2012. Learn More