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Update on Policarpo

Policarpo is 69 years old. In his traditional family business, he used a Kiva loan to pay cash for fabric remnants from the workshops, to fill his orders from industrial businesses. His investment was successful, because he managed to increase his production and continue his business growth. Now he is applying for a new Kiva loan, with which he will buy remnants in greater quantity, taking advantage of the increased production in the small workshops in the months of November and December. The oversupply gives him the opportunity to obtain good prices, which improve his competitive position in the market. His success in the business consists of his knowing the market and the peaks of supply and demand very well and when it is propitious to make his best investment, to sell more and to set very competitive prices. His dream of prosperity is to continue striving to increasingly improve the quality of life of his family, and it is assured that this will be with his persistent effort and from the hand of God.
View original language description ↓
Policarpo de 69 años, para su tradicional negocio familiar, con un credikiva compró de contado, retazos de telas en los talleres, que le pidieron las empresas industriales que a él le compran. Su inversión fue exitosa porque logró incrementar su producción y continuar su crecimiento empresarial. En la actualidad está aplicando un nuevo credikiva, con el cual comprará retazos en mayor cantidad, aprovechando que los pequeños talleres aumentaron su producción en el mes de Noviembre y Diciembre y la sobreoferta le da la oportunidad de obtener buenos precios, que mejoran su competitividad en el mercado. Su éxito en el negocio, consiste en que conoce muy bien el mercado y los picos de la oferta y la demanda, en los cuales es propicio hacer su mejor inversión, vender más y proponer precios muy competitivos. Su sueño de prosperidad es continuar esforzándose para aumentar cada vez más la calidad de vida de su familia y es muy seguro que así será con su esfuerzo persistente y de la mano de Dios..

Previous Loan Details

With his previous Kiva loan, Policarpo bought fabric remnants and was able to produce several tablecloths which were sold for money. At the moment, he is preparing to receive a new Kiva loan so that he can increase his volume. He is planning to buy textiles because he has many orders and needs ... More from Policarpo'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
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,762.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Policarpo to buy remnants in greater quantity to make industrial mats.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 13, 2012
Jan 4, 2013
Currency Exchange Loss:
Mar 29, 2014