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Edwin

Update on Edwin

Thank you for supporting Edwin who used his previous CrediKiva loan to buy a variety of women's and casual clothing as well as bags. Now he sells a lot more because his customer base has increased. His goal is to offer a wide variety of the articles his customers want, need or ask for.

Edwin is very grateful for the support and hopes you continue helping small businesses like his. He is currently requesting a new loan to renovate his shop. He will improve his corporate image and the location will be better for his customers. This will make the CrediKiva loan a successful investment.
View original language description ↓
Gracias por apoyar a Edwin quien con su credikiva,compró cementos y moldes con los cuales elaboró bloques para vender en cosntrucciones. Su credikiva le ayudó en el aumento de los inventarios y su negocio creció. El está muy agradecido y dice a sus finaciadores de Kiva: "Espero que en los próximos créditos seguir contando con Kiva" En la actualidad está aplicando a un nuevo credikiva con el cual comprará materiales constructivos como cemento y nuevos moldes para incrmentar su producción y hacer de su credikiva una exitosa inversión.

Previous Loan Details

Edwin is 28 years old and has had a cement block factory for 3 years. He is experienced, learning from his father who is a bricklayer by trade and and who taught Edwin everything he knows. Once Edwin decided to become independent of his father, he facilitated the capital and Edwin began to produce… More from Edwin'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
  • 232
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,839.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $650 helped Edwin comprará materiales constructivos como cemento y nuevos moldes.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 28, 2014
This photo was used before for a previous loan for Edwin. It was first posted on Kiva on Sep, 2012. Learn More