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Jaime

Update on Jaime

Before doing his last Kiva loan, Jaime did not have a well-stocked store. Today he has managed to add this business to his customer base, as he now buys groceries and food in quantities that are suitable for his options. He is currently applying for a Kiva loan, with which he will buy food, supplies and drinks. With this investment he will be able to strengthen his working capital and his store will be much more pleasantly stocked for his customers, as Jaime's business is known for its good customer service, fair prices and good stock. Jaime says to his lenders: "Thank you very much; I've been able to develop both business at the same time and to increase my family's earnings."
View original language description ↓
Antes de hacer su credikiva anterior, Jaime no tenia una tienda bien abastecida. Hoy ha logrado agregar este negocio a su clientela que hoy compra abarrotes y víveres en cantidades ajustadas sus posibilidades. En la actualidad está aplicando a un credikiva, mediante el cual comprará nuevamente víveres, ranchos, refrescos, con esta inversión fortalecerá su capital de trabajo y el surtido de la tienda será mucho mas agradable a la vista de los clientes pues el negocio de Jaime se caracteriza por el buen trato, precios justos y buen surtido. Jaime dice a sus financiadores: "Muchas gracias he logrado desarrollar los dos negocios paralelamente y aumentar mis ingresos familiares."

Previous Loan Details

Thanks to his Kiva loan, Jaime is strengthening the capital of his business, improving his liquidity, and increasing the sales, thereby obtaining more profits. His business is more organized due to the economic support and he has more hope of improving his family life. This was that way becau... More from Jaime'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.

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About Colombia

  • $6,070
    Average annual income
  • 527
    View loans »
    Colombia Loans Fundraising
  • $14,661,300
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,700 helped Jaime to buy more food, supplies and drinks.
82% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 29, 2014
Listed
Aug 17, 2014
Currency Exchange Loss:
Possible
Ended:
Mar 19, 2015