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Manuel

Update on Manuel

Thank you for supporting Manuel with his earlier Kiva loan for his food and general family products store. With his Kiva loan, he was able to supply her business and and generate better profit.

Since receiving his loan, Manuel has seen his business increase sales possibilities. He is aglow because of his great satisfaction. He says to his financiers: "Thank you for your confidence and for supporting us economically, to get ahead little by little."

Today, Manuel is applying again for a Kiva loan, which he will use to buy personal use products, items for the home and foods. He believes he must always be investing in his business for the rapid turnover of these products. This is what makes a Kiva loan a successful investment.
View original language description ↓
Gracias por apoyar a Manuel con su anterior credikiva, en su tienda de ranchos víveres y productos de la canasta familiar en general. Con su credikiva logró surtir su negocio y genera una mayor utilidad. Desde que recibió su crédito, como Manuel ha visto su negocio avanzar en posibilidades de ventas, está radiante, por su gran satisfacción; él dice a sus financiadores “Gracias por su confianza y por apoyarnos económicamente, para poco a poco salir adelante“. Hoy Manuel está aplicando nuevamente a un credikiva,con el comprará productos de aseo personal, articulos para el hogar y víveres, pues considera que a su negocio siempre hay que estarle invirtiendo, por la rápida rotación de estos productos y es que eso es, lo que justamente hace de un credikiva toda una inversión de éxito.

Previous Loan Details

Manuel lives to the south west of the city with his wife and their 12 year old son. In this same place he has a shop where he sells everyday family items, in small quantities in accordance with the buying possibilities of his customers, principally neighbours from his neighbourhood. His customers... More from Manuel'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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,886.8
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,350 helped Manuel to buy food, personal and household products in larger volume.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014