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Update on David

David is applying for a new credikiva so he can travel to San Jacinto in the Department of Bolivar Municipality to buy women's clothing, hats and Baranquilla carnival themed backpacks.

He will take advantage of the approaching Carnival season and give his clientele exactly what they need so that they enjoy dancing the cumbia and the mapalé.

He did very well with his last loan. He bought toys, clothes and appliances which allowed him to take advantage of end of year sales and circulating money through to all of his customers.

He is very thankful to his financiers.
View original language description ↓
David está aplicando a un nuevo credikiva, con el cual comprará en San Jacinto, municipio del Departamento de Bolivar, al cual viajará, ropa para damas, sombreros, mochilas alusivas al carnaval de Barranquilla, aprovechando que la temporada se acerca y dará a su clientela justamente lo que ellos necesitan, para que lo disfruten bailando al son de la cumbia y el mapalé. Con su anterior credito le fue muy bien porque compró juguetes, ropa y electrodomésticos logrando aprovechar el potencial de ofertas del fin de año y la ciuculación de dinero en cada uno de sus clientes, por eso está muy agradecido con sus finaciadores.

Previous Loan Details

From the town of Malambo, Barranquilla metropolitan area, David tells us that he plans to receive his second Kiva loan to stock his business with clothes and sandals to meet the demand he has from his steady customers. He used his previous Kiva loan to buy ingredients to bake "pan de bonos" ... More from David'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
  • 330
    View loans »
    Colombia Loans Fundraising
  • $18,147,825
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped David to buy women's clothing, hats and Baranquilla carnival themed backpacks.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 8, 2013
Currency Exchange Loss:
May 17, 2014
This photo was used before for a previous loan for David. It was first posted on Kiva on Sep, 2011. Learn More