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Jairo

Update on Jairo

Jairo used his previous loan to buy steel, galvanized sheeting, iron, aluminum and paint. The CrediKiva loan was of great benefit to him because he bought the raw materials he needed to increase production. With the profits he earned he bought a bending machine and offered employment to two temporary workers. He was also able to meet customer commitments which was very positive for his image.

He is now requesting a new CrediKiva loan to buy materials such as steel, iron, aluminum, nails, glass, locks, cables, welding materials, pain, stone for the polishers, etc. His aim is to prepare for the immediate future in such a way as to impact his customers and increase sales.

Jairo sends the following messasge to Kiva lenders: "Your support is very important because with these resources I have been able to meet my goals and improve my family's living conditions."
View original language description ↓
Jairo con su anterior credikiva compró acero, láminas galvanizadas, hierro, aluminio y pintura. Su credikiva lo benefició porque adquirió materias primas y aumentó la producción; con las utilidades generadas compró una máquina dobladora y también generó dos empleos temporales, adicionalmente respondió a los compromisos con sus clientes y esto benefició positivamente su imagen. En la actualidad está aplicando a un nuevo credikiva con el cual comprará materiales como acero, hierro, aluminio, remaches, vidrios, cerraduras, cables y soldadura, pintura piedras para pulidoras etc. Todo esto preparándose para el futuro inmediato con una producción que impactará a sus clientes y también a sus ventas.
Jairo envia un mensaje a sus finaciadoresde Kiva: "Su apoyo es muy importante, ya que con estos recursos he podido cumplir metas y mejorar en parte las condiciones de vida de mi familia. "

Previous Loan Details

Jairo is 36 years old and works in the production industrial fretworks, steel kitchens, banisters, and anything related to metalworking. Fourteen years ago he started his business in the year 1998, after having qualified with the “SENA- Servicio Nacional de Aprendizaje” (SENA National Service of… More from Jairo'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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,100 helped Jairo to buy steel, iron, aluminum, nails, glass, locks, cables, welding materials, paint, stone for polishers, etc.
99% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2013
Listed
May 14, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 19, 2014