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Efrain Enrique

Update on Efrain Enrique

Efraín is thankful to those who support his business, where he sells various items such as women's clothing, casual clothing, and bags. He now sells a lot more because he has gained many more customers. His goal is to be able to offer a large variety of all kinds of items that his customers want, need, or require.

Efraín is very grateful for the support that he has received and asks that they continue to support small businesses such as his. He is now asking for a new Kiva loan which he will use to invest in remodeling his shop. In this way, he will improve his image and his customers will be in an area where they can access his business more easily. His Kiva loan will become a successful investment.
View original language description ↓
Gracias por apoyar a Efrain en su negocio de venta de mercancía variada, como ropa femenina e informal y bolsos, ahora vende mucho más pues su clientela se incrementó. Su meta es lograr ofrecer una gran variedad de artículos de todos los que sus clientes desean, necesitan o requieren. Efraín se encuentra muy agradecido por el apoyo brindado y pide que sigan apoyando a los microempresarios como el. En la actualidad está aplicando a un nuevo credikiva el cual invertirá en la remodelación del local, con ello mejorará la imagen y los clientes están mejor ubicados para llegar a su negocio, convirtiendo así el credikiva en una inversión exitosa.

Previous Loan Details

Efrain is a 57-year-old man who has three children between the ages of 15 and 27. He lives in the city of Malambo where he works selling a variety of merchandise such as oil paintings, fried snack foods and prepared lunches. He began his business experience seven years ago with a shop, but he ext... More from Efrain Enrique'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
  • 361
    View loans »
    Colombia Loans Fundraising
  • $15,606,000
    Funds lent in using Kiva
  • 1,852.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,625 helped Efrain Enrique invest in buying construction materials to remodel his shop.
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 6, 2013
May 25, 2013
Currency Exchange Loss:
Jun 24, 2013