Update on Jairo AlbertoJairo is grateful to Kiva lenders and asks "that they keep supporting micro-enterprisers so that they can get ahead in their businesses." With his previous Kiva loan, he was able to improve the stocked merchandise in his business and earn better profits because he was able to buy a large variety of products and add them to what he offers.
Currently he is asking for a Kiva loan with which he will buy work tools, key rings, padlocks, keys, nails, and other supplies in order to restock his business.
Previous Loan DetailsJairo is 56 years old and lives in the city of Barranquilla. He has a shop there, where he sells tools, locks, does locksmith work and changes locks. From there he also sells chickens and giblets. His sales experience dates from 33 years ago when he was laid off by a company and decided to invest... More from Jairo Alberto's previous loan »
About Fundación Mario Santo DomingoFundación 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.
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This loan has been fully funded!