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Pablo

Update on Pablo

Thanks for the support for Pablo, who with his previous Kiva credit was able to buy all types of fruits with which he supplied his cart very well. This positively sparked his sales, increasing his income and his savings. Currently he is applying for a new loan with which he hopes to expand his cart and increase the variety of fruits. Pablo says to his supporters: "Thanks for allowing me to grow in my business and my goals."
View original language description ↓
Gracias por apoyar a Pablo, quien con su credikiva pudo comprar todo tipo de frutas, con lo cual surtió bien su carretilla. Esto incidió positivamente en sus ventas, incrementando sus ingresos, y sus ahorros. En la actualidad está aplicando a un nuevo crédito con el cual espera agrandar su carretilla, y aumentar su surtido de frutas. Pablo dice a sus financiadores: “Gracias por permitirme crecer en mi negocio y en mis metas”.

Previous Loan Details

Pablo is 52 years old, married and the father of three children between the age of 23 and 31. Together with his family, he lives in the city of Cartagena where he makes a living selling fruits, vegetables and tubers. Every day, Pablo leaves very early in the morning with his cart full of these ... More from Pablo'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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 286
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,892.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Pablo to expand his cart and increase the variety of his fruits.
100% repaid
Repayment Term
16 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
May 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014