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Wilson Enrique

Update on Wilson Enrique

Thanks to his Kiva loan, Wilson bought yeast wheat flour, cheese, fat, and he also remodeled his store. Now he feels more comfortable since he had a greater inventory of finished goods which he sold to earn a bit more.

The new loan he is applying for is to be invested in the purchase of raw baking materials required for the Christmas season, since he will prepare the best breads, desserts and cakes with the flavor and appearance of this period: Christmas bread, the Old Year, etc. are typical names for the products he will make.

He will also buy a second-hand oven in good condition, with which he plans to increase production. Wilson sends this message to the Kiva lenders: "I appreciate the support I've received and I send many blessings to the lenders."
View original language description ↓
Wilson compró harina de trigo levadura, queso grasas y también remodeló el local y esto fue gracias a su credikiva, con el cual ahora se siente más cómodo y contó con mayor inventario de productos terminados, que vendió y ganó un poco mas. Su nuevo crédito, al que está aplicando, lo invertirá en la compra de materias primas que requiere para la temporada navideña, pues preparará los mejores panes postres y ponqués, con el sabor y la apariencia de a esta época: pan navideño, el año viejo etc. son nombres típicos de los productos que fabricará. Tambien comprará un horno de segunda mano en buen estado, con el cual planea aumentar la producción. Wilson envía un mensaje a los financiadoras de Kiva : “ Agradezco el apoyo recibido y deseo para los financiadores muchas bendiciones. “

Previous Loan Details

Wilson, 33, lives in the municipality of Puerto Colombia, a town that is 25 minutes from Barranquilla on the Caribbean coast. There he runs a bakery named after himself, where he makes all kinds of bread, pastry and general baked goods. He sells most of his bread to the stores in the town of Pu... More from Wilson Enrique'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
  • 555
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $850 helped Wilson Enrique to buy raw baking materials for the Christmas season, and an oven.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014