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José Alberto

Update on José Alberto

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 thanks to his Kiva loan. He would like to share the joy he feels at having finished paying for his house and being able to provide his family with a better life. He sends the following message to Kiva lenders: "Please continue supporting micro-businesspeople so that they can fulfill some of their dreams". José's current goal is to continue improving his means of transport (three-wheeled vehicle), do some work on his kitchen and increase his purchasing power so that he can earn discounts. This is what he will invest his Kiva loan in. He is very hopeful of growing his business.
View original language description ↓
Con su anterior credikiva José compró un carricoche y en mayor volumen víveres para la preparación de sus comidas. Hoy da a conocer sus productos de manera mas elegante y con mayor cobertura de barrios, razón por la cual sus ingresos están creciendo y esto es justamente gracias a su credikiva. Comparte la alegría de haber terminado de pagar su casa y puede brindar un mejor vivir a su familia. Por eso envía el siguiente mensaje a los finaciadores de Kiva: " Que sigan apoyando a los pequeños microempresarios a seguir y con esto poder cumplir parte de sus sueños. " Su meta hoy es continuar con el mejoramiento de sus medios de transporte (los bicicoches) y adecuar la cocina además de aumentar su volumen de compras, para ganar descuentos. Esto es justamente en lo que invertirá su nuevo credikiva, al cual aplica y con el que tiene muchas expectativas de crecimiento.

Previous Loan Details

With his first loan, provided by Fundación Mario Santo Domingo, José Alberto started his current business called "El Caminante". He makes and sells 'arroz de lisa' (a rice and fish dish). This dish is a typical Barranquillera dish and is made with 'lisa', a sea fish which lays its eggs in brack... 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.

About Colombia

  • $11,100
    Average annual income
  • 386
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,794.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped José Alberto to do some work on his kitchen and his old three-wheeled vehicle, and to buy ingredients in large quantities.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 18, 2012
Dec 19, 2012
Currency Exchange Loss:
Dec 19, 2013