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Alex Jesus

Update on Alex Jesus

With his previous Kiva loan Alex purchased a sewing machine. He used it to make higher quality purses, because his sales increased due to the fact that he had a greater capacity to produce and meet the demand. Alex is currently very glad because his sales have resulted in better profits and his financial situation is continuously improving. He's currently preparing for the Christmas and New Year season with new designs. In order to purchase raw materials and supplies, he needs more working capital; this is the reason why he requests a Kiva loan once more. He'll use it to stock up his business with imitation leather, synthetic materials and accessories, and he'll meet his customers' orders who wish to give the year 2012 a proper sendoff. His message to Kiva lenders is the following: "The work you're doing is very good and I hope that you'll keep it up, so that we small business owners can continue to benefit from that".
View original language description ↓
Con su credikiva anterior Alex compró una máquina plana, con la cual elaboró bolsos de mejor calidad y generó un nuevo empleo, su credikiva le fue de mucha utilidad, porque sus ventas se incrementaron debido a que tenia una mayor capacidad para producir y responder a su demanda. Alex se encuentra muy satisfecho, porque sus ventas han generado mayores ingresos y su situación económica mejora cada vez mas. En la actualidad se prepara para las navidades y el año nuevo, con nuevos diseños y para comprar las materias primas e insumos, requiere un mayor capital de trabajo; esta es la razón por la cual acude nuevamente a un credikiva, con el cual surtirá su negocio con cuerina, sintéticos, accesorios y responderá a su clientela, que lo requiere, para despedir el año 2012. Su mensaje a los finaciadores de Kiva es el siguiente: " Es muy buena labor la que están realizando, y espero que continuen, para que nosotros los pequeños empresarios nos sigamos beneficiando. "

Previous Loan Details

In Soledad, a municipality of the department of the Atlantic, 10 minutes from the city of Barranquilla, lives Alex, age 37, with his spouse and 2 children, aged 3 and 6. In this place he operates his business, a leather goods shop where he makes purses. Many years ago, Alex began his first ex... More from Alex Jesus'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
  • 373
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Alex Jesus to purchase raw materials and supplies such as imitation leather, synthetic materials and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Nov 27, 2012
Dec 17, 2012
Currency Exchange Loss:
Jan 17, 2014
This photo was used before for a previous loan for Alex Jesus. It was first posted on Kiva on Jul, 2011. Learn More