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Luis Enrique

Update on Luis Enrique

Luis used his previous Kiva loan to buy machinery for cutting bones. He bought meat in quantity and sold much more. He was also able to repair his business’ roof. He is very happy about the Christmas and New Year’s seasons and he hopes to be able to offer his customers more products, since their consumption increases during this time.

This is the reason he is requesting a Kiva loan, which he will use to buy beef, ram, and pork. His number of customers has increased and he has new buyers outside of Malambo, where he lives and has his business. His message to the Kiva lenders is, “I am grateful for the support you have given me and my family through these loans. Thanks to you, my business has improved a lot and I hope to have your continued support.”
View original language description ↓
Luis con su anterior credikiva compró una maquinaria, con la cual cortar los huesos, compró carne en mayor volumen y vendió mucho más, y hasta le alcanzó para reparar la cubierta de su negocio. Él se encuentra muy feliz y en la época de navidades y de año nuevo, espera poder ofrecer a su clientela, quien incrementa para esa época el consumo, los productos que justamente él vende. Esta es la razón por la cual acude a un credikiva, con el cual comprará carne de res, de carnero y porcina, pues sus clientes han aumentado y ahora tiene nuevos compradores, fuera del municipio de Malambo, donde habita y tiene su negocio. Su mensaje a los financiadores de Kiva es el siguiente: " Agradezco el apoyo que me han dado a mi y a mi famlia con estos créditos . Gracias a ustedes mi negocio ha mejorado mucho y espero seguir contando con el apoyo."

Previous Loan Details

Luis used his Kiva loan to buy a machine to cut bones, lots of meat and improved the roof on his store. He’s very satisfied and his business is well located in the town and he has new customers in the city of Barranquilla that he sells to on credit. He’s now applying for a new Kiva loan to bu... More from Luis 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
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,762.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,425 helped Luis Enrique to buy meat.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Jan 3, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 16, 2014