Check out some available loans that are similar to this one!
Alvaro Enrique

Update on Alvaro Enrique

With his previous loan, Álvaro bought a greater volume of beef, stocked his business, and sold much more. Currently, he is applying for a Kiva loan in order to increase the volume of his beef purchases and to continue increasing his working capital - and with that, his clientele – in order to generate more profit that benefits his family.

Álvaro has this message: “Thank you for your help, and may you always continue to offer it.”
View original language description ↓
Con su crédito anterior Álvaro compró carne en mayor volumen, surtió su negocio y vendió mucho más. En la actualidad está aplicando a un credikiva, para aumentar el volumen de sus compras de carne de res y continuar aumentando su capital de trabajo y con ello su cartera de clientes, para poder generar mas utilidades que beneficien sus familias. Álvaro envía un mensaje “Gracias por su ayuda y que siempre la sigan haciendo.”

Previous Loan Details

Alvaro has been selling beef for 25 years. He learned the trade by helping his grandfather. It is from his grandfather that he inherited this trade and under his grandfather that he learned the business. Through his meat business, Alvaro has managed to provide for his family which consists of ... More from Alvaro 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

  • $6,070
    Average annual income
  • 362
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,816.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $625 helped Alvaro Enrique to purchase beef.
99% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2013
Listed
Mar 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 20, 2014