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Fernanado Rafael

Update on Fernanado Rafael

With his previous Kiva loan Fernando bought and sold fish, with which he got together the money to buy a freezer. Now his business is much more elegant and he carefully operates the cooling chain.

Currently he's asking for another loan to buy fish wholesale, making the most of the high consumption of bocachico, catfish, and mullet at the end of the year, which projects an increase in his sales. He also will buy two new washing machines to expand his washing-machine rental service so his neighbors will feel better served and he will earn a bit more.

Fernando says to his lenders: "Thank you for the support you have given me to get ahead with my business. I hope you can continue helping all the microentrepreneurs with their projects."
View original language description ↓
Con su credikiva anterior Fernanado compró pescado y lo vendió así mismo con ello completó el dinero con el cual compró un congelador. Hoy su negocio está mucho mas elegante y maneja con cuidado la cadena de enfriamiento. En la actualidad está aplicando a un nuevo finaciamiento con el que comprará en mayor volumen pescado, aprovechando el alto consumo de bocachicos, vagres, lebranche, en el fin de año, lo cual proyecta un aumento en sus ventas. Así mismo comprará 2 nuevas lavadoras, para ampliar su servicio de alquiler de maquinas para lavar, con ello sus vecinos se sentirán mejor atendidos y el ganará un poco mas. Fernando dice a sus finaciadores: "gracias por el apoyo que me han brindado para seguir adlante con mi negocio; espero que puedan seguir ayudando a todos los microempresarios en sus prouectos."

Previous Loan Details

Fernando knows fishing very well, as he worked in it for one season. In the beginning, he launched his business selling oysters on the streets of the city. Later, he began to familiarize himself with fishing in the river, and worked at that. But the increasing difficulties that arose made him sto... More from Fernanado Rafael'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
  • 335
    View loans »
    Colombia Loans Fundraising
  • $18,147,825
    Funds lent in using Kiva
  • 1,826.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Fernanado Rafael to buy fish and two new washing machines.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Oct 29, 2012
Nov 9, 2012
Currency Exchange Loss:
Oct 18, 2013