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Edgardo

Update on Edgardo

Thank you for helping Edgardo who with his previous Kiva loan bought cement, black and white granite, sand, cal and other materials to make laundry sinks which he sold whenever the opportunity arose. He increased production allowing him to provide his family with a better standard of living.

Once again Edgardo is hoping to make more sinks and thus increase sales and income. He will now make them for new builders who, once they see the sinks, will be impressed and give him a good reference.

He says, "Thank you, Kiva donors, for allowing me to grow my business."
View original language description ↓
Gracias por apoyar a Edgardo, quien con su credikiva compró cemento blanco, granito blanco y negro, arena, cal y otros insumos, con los cuales fabricó lavaderos que vendió oportunamente. Él ha incrementado sus contratos de fabricación de productos y con ello cada vez mas brindará mejores condiciones de vida a su familia. En la actualidad está aplicando a un credikiva, mediante el cual comprará cemento blanco, granito blanco y negro, arena y cal. Una vez mas espera elaborar nuevos lavaderos que le permitirá incrementar sus ventas y aumentar sus utilidades, pues fabricará ahora para nuevos constructores que una vez conozcan sus productos se impactarán y lo referirán. Él envía un mensaje a los financiadores: “Gracias a la gente de Kiva por permitirme hacer crecer mi microempresa. “ .

Previous Loan Details

Edgardo is 45 years old and lives with his spouse and his two children in the town of Soledad, where he makes washbasins out of granite in a space near his home. He sells them to neighbours, family members, and through referrals. They constitute they main customer base, but he also sells his prod... More from Edgardo'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

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,900.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Edgardo buy cement, black and white granite, sand and lime.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 14, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014