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Jesus Alberto

Update on Jesus Alberto

Jesus bought two washing machines with his previous loan, which brought him more clients and more income. His business has grown with the loan, so he is very thankful for Kiva's support.

He his currently applying for a new loan to buy two computers and provide internet services more efficiently. He currently has three computers and plans to keep growing by investing more.
View original language description ↓
Jesus con su anterior credikiva compró dos lavadoras mas, con ellas aumentó el número de sus clientes y así mismo sus ingesos. Con su credikiva el negocio se ha fortalecido y ha avanzado por eso envió agradecimientos por el apoyo que Kiva ha hecho a su negocio. En la actualidad está aplicando nuevamente a un credikiva para adicionar a su actividad diaria, dos computadores y prestar el servicio de internet de una manera mas efectiva porque en la actuaidad cuenta con 3 y tiene planes de continuar creciendo, aumentando sun inversiones.

Previous Loan Details

Since he was 15, Jesus has been garnering business experience, which showed him that women in other communities, who needed to do housework more efficiently and protect themselves from the blazing Caribbean sun, rented washing machines by the hour every day. He had no doubts about starting a simi... More from Jesus Alberto'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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,817.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Jesus Alberto to buy two computers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 8, 2013
Listed
Apr 11, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014