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Diro Enrique

Update on Diro Enrique

Diro says that the loans facilitate progress for small businesspeople, provide incentives for microenterprises and allow businesses to progress with the capital. For this reason he is grateful for his Kiva loan, because with his previous investment he bought provisions and improved his rented premises, and this made him very happy. He is now applying for a new Kiva loan with which he will buy liquor with one part, and spend the rest on his daughter's education. Thus he is preparing for the December holidays, when he hopes to have his best sales of the year and with this support the education of his daughter, whom he hopes to see become a successful person in future.
View original language description ↓
Don Dirii dice que los préstamos facilitan los procesos a los pequeños comerciante, se insentiva la microempresa y su negocio progresa con ese capital, por eso se encuentra agradecido con su credikiva, poque con su inversión pasada compró víveres y adecuó sus instalaciones locativas y esto lo puso muy contento. En la actualidad está aplicndo a un nuevo credikiva con el cual comprará una parte en licores y bebidas y la otra parte en la educación de su hija; Así se prepara para las fiestas decembrinas, donde aspira hacer su mejor venta del año y con ello apoyar la educación de su hija, con la que sueña ver convertida a futura en persona exitosa.

Previous Loan Details

With his Kiva loan Diro modified his place of business and bought a pool table. Now his customers are more comfortable and he is more satisfied with his investment. His future goal is to change the floor of his place, add a second floor for an apartment, and have peace in his old age. Currentl... More from Diro 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
  • 357
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,750 helped Diro Enrique to buy liquor with a part of the loan, and with the rest support his daughter's education.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Dec 28, 2012
Jan 1, 2013
Currency Exchange Loss:
Dec 19, 2013
This photo was used before for a previous loan for Diro Enrique. It was first posted on Kiva on Dec, 2011. Learn More