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Domingo

Update on Domingo

With his previous Kiva loan, Domingo purchased papaya, bananas, pineapple, avocado, and melon. His business improved and he has gained capital and improved his inventory. Now he has a better income and is very grateful to the Kiva lenders for this great support. With this loan, he will invest in avocados, bananas, papaya, and pineapple because Holy Week is coming up and with it, the preparation of sweets to share with neighbors. The fruits are the base of their preparation, which means his customers increase during this time and impact the sales in his fruit stand. This is precisely what he will do with his Kiva loan to apply it to his business so that it is effective.
View original language description ↓
Domingo con su anterior credikiva compró papaya, bananos, piña aguacate y melón. Su negocio mejoró pues logró capitalizarse y mejorar su inventario. Ahora tiene mejores ingresos y ella está muy agradecida con los financiadores de Kiva por ese gran apoyo. En la actualidad invertirá en aguacates bananos, papaya, piña, pues se acerca la semana santa y con ella la preparación de dulces para compartir con los vecinos y las frutas son justamente la base de su preparación, con la cual sus clientes aumentan en esta época e impactan las ventas en la ffrutera. Esto es justamente lo que hace que el credikiva aplicado a este negocio sea efectivo.

Previous Loan Details

Domingo is 49 years old and lives in the south-west of the city with his wife and their three children who are between 18 and 23 years old. Domingo works there selling tropical fruit such as avocados, papaya and bananas. He does this work every day. Domingo arrived in the city of Barranquilla ... More from Domingo'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
  • 530
    View loans »
    Colombia Loans Fundraising
  • $14,933,525
    Funds lent in using Kiva
  • 1,813.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Domingo to invest in avocados, bananas, papaya, and pineapple.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014
This photo was used before for a previous loan for Domingo. It was first posted on Kiva on Jul, 2012. Learn More