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Javier

Update on Javier

It has gone very well for Javier in his business selling dough and cell-phone minutes. He received a previous Kiva loan with which he bought cell phones, sweets, and food, increasing his sales with his new equipment. He also managed to make new food sales, financing the loan portfolio among his customers.

Now he has more income and he has improved his quality of life because there are new earnings for his children. He says to his financial backers: "Thank you very much for the help. It's a good job that helps the most needy people."

Currently Javier's requesting a Kiva loan to buy a computer, more supplies for his food, and corn to make dough. The Carnival celebrations are approaching and the community of people who buy food usually grows during this period, which will make his Kiva loan successful.
View original language description ↓
Javier en su venta de masa y de minutos celulares le ha ido muy bien; el recibió previamente un credikiva con el cual compró celulares, dulcería y comida, incrementando sus ventas con sus nuevos equipos y también logó hacer una nueva oferta de comidas, financiando la cartera de crédito entre los clientes. Ahora tiene más ingresos y ha mejorado su calidad de vida, pues hay nuevos beneficios para sus hijos. Él dice a sus financiadores “Muchas gracias por la ayuda, es una buena labor que ayuda a las personas mas necesitabas”. En la actualidad Javier está aplicando a un credikiva, mediante el cual comprará un computador, y más inventario de víveres para sus comidas y maíz para hacer masa , porque se acercan las fiestas carnavalearas y la población de compradores de alimentos, crece usualmente en esta época, haciendo que la inversión de su credikiva tenga éxito.

Previous Loan Details

Javier is a young man who is 30 years of age and lives with his wife and five-year-old son in a town located 10 minutes from the city of Barranquilla. There he has a small enterprise where he provides calling services, sells and reloads SIM cards, and offers backpacks and candy. He and his wife... More from Javier'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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,777.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,025 helped Javier to buy supplies, corn, and a computer.
98% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014