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José Alberto

Update on José Alberto

Thsnks for supporting José in his fast food restaurant as with his last loan from Kiva he was able to increase his inventory and sales. He bought raw materials and supplies in greater volume. His living conditions have improved and he has achieved part of his goal.

Now José is asking once again for a loan with which he will buy rice, oil, etc. Plus he will buy clothing which customers have ordered from him. José is also preparing to sell a lot of Holiday tamales, because his customers are now making orders. This will make his loan a successful investment.
View original language description ↓
Gracias por apoyar a José en su restaurante de comidas rápidas, pues con su credikiva logró, incrementar sus inventarios y sus ventas. Comprando materias primas e insumos en un mayor volumen. Sus condiciones habitacionales mejoraron y con ello ha logrado parte de sus metas. Hoy está aplicando nuevamente a un nuevo financiamiento mediante el cual comprará, arroz, aceite etc, además de ropa que de su cliente tiene encargada. José tambien está preparándose para producir muchos tamales navideños, porque desde ahora, su clientela le ha encargado, haciendo de sus credikiva una exitosa inversión.

Previous Loan Details

José used his previous Kiva loan to buy a three-wheeled vehicle and a large quantity of ingredients for preparing the food that he sells. He is now able to sell his products in a more elegant manner and reach a larger number of neighborhoods. For this reason, his income is growing. All this is... More from José Alberto'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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,934.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped José Alberto to buy rice, oil, etc. plus clothing to re-sell.
97% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 29, 2013
Listed
Dec 4, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015
This photo was used before for a previous loan for José Alberto. It was first posted on Kiva on Dec, 2012. Learn More