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Alfredo Luis

Update on Alfredo Luis

Alfredo took advantage of his previous CrediKiva loan to buy new washing machines to strengthen the infrastructure of his business, in an effort to make lasting improvements. He is very grateful to Kiva and the Mario Santo Domingo Foundation and asks that they continue to support him. The loan he is requesting now is to buy new machines since his clientele has grown and there is a very high demand. This way he can replace the old machines and modernize his business.
View original language description ↓
Alfredo aprovechó su anterior credikiva para comprar nuevas lavadoras y fortalecer así su infraestructura de negocio, con el fin de mejorar cada vez mas. Alfredo está muy agradecido con Kiva y con la Fundación Mario Santo Domingo, y pide que sigan apoyándole. Pues ahora tiene una solicitud de crédito para comprar nuevas máquinas, pues su clientela ha seguido creciendo y la demanda en muy buena, con ello terminará de remplazar las viejas lavadoras y modernizar su actividad.

Previous Loan Details

One year ago, Alfredo, 30, launched his own business. Being very observant of life in his community, he realized that residents didn't have washing machines and that this service, which lessens the workload of housewives, did not exist in his neighborhood. So it happened that, in the absence of c... More from Alfredo Luis'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
  • 378
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 1,868.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Alfredo Luis to buy new machinery.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 9, 2014
Jul 27, 2014
Currency Exchange Loss:
Jul 17, 2015