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Anderson

Update on Anderson

Anderson increased his inventory with his Kiva loan and quickly sold his footwear. With this investment he managed to offer a greater variety of product designs and now he can offer his customers loans, which makes his turnover high and requires more capital all the time to respond to demand.

This is why he's applying for another Kiva loan to buy school shoes to respond to school season in the first trimester. This comes with high demand for school shoes on the part of parents, who need to respond to their children's needs. This is what gives the potential for success to the investment of a Kiva loan in this season.
View original language description ↓
Anderson incrementó su inventario con su credikiva y vendió rapidamente su calzado. Con esta inversión logró ofrecer mayor diversidad de diseños en sus productos y ahora puede ofrecer créditos a su clientela y esto hace que su rotación sea alta y requiera caa vez mas capital para atender nueva demanda. Esta es la razón por la cual acude a un nuevo credikiva, con el cual comprará calzado colegial para dar respuesta a la temporada educativa del primer trimestre del año, que llega con una gran demanda de calzados colegiales, por parte de los padres de familia, que necesitan responder a esta necesidad que tienen sus hijos y esto es lo que hace que la inversión de credikiva en esta temporada, tenga un gran potencial de éxito.

Previous Loan Details

Anderson, who is 25 years old, sells footwear of various types, which he acquires in stores in the city of Barranquilla and also buys from another micro-business. He makes his sales for cash at a commercial location and also manages some credit accounts. His business is lively and has good profit... More from Anderson'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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,960,825
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,125 helped Anderson to buy footwear for school.
99% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Jan 29, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2014