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William

Update on William

William has done very well in his shoe-making business and small store where he sells various items that his customers usually buy at retail level and which are a daily necessity for families. With his previous loan from Kiva, he was able to increase production for the past season, and this helped him to invest in other items.

Today, he is very satisfied, and is applying for a new loan through Kiva. He will use it to buy to buy materials to make new shoe designs and various items such as accessories and school supplies. William has a message for his lenders: "I am very grateful for this opportunity, and I hope you support me again".
View original language description ↓
A william le ha ido muy bien en su negocio de fabricación de calzado y en su pequeña variedad donde vende articulos variados que usualmente la clientela compra al detalle y son una necesidad diaria de las familias. Con su credikiva anterior logró responde con mas producción a la temporada pasada y esto lo ayudó a invertir en su miscelanea. Hoy está muy satisfecho y aplicando a un nuevo financiamiento mediante el fondo Kiva con el cual comprará materiales para elaborar nuevos diseños de calzado y artículos de miscelanea como accesorios, útiles escolares. William da un mensaje a sus financiadores y le pides dice "Agradezco mucho esta oportunidad y espero me apoyen nuevamente"

Previous Loan Details

William, 38, lives in the municipality of Galapa nd he makes women's, men's and children's shoes for a living. He lives with his wife and 4-year-old son in their own house which they have built through hard work. He learned his trade from an uncle who used to take him to work with him when he w... More from William'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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped William to buy materials to make new shoe designs and various items such as accessories, school supplies, etc.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2013
Listed
Mar 13, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014