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Emiro Rafael

Update on Emiro Rafael

Thank you for helping Emiro, who bought a pressure washer and strengthened his motorcycle-washing business with his previous Kiva loan.

Today, he is very happy and he has applied for a new Kiva loan to buy another machine to wash vehicles. This machine will be much more modern and will make his Kiva loan a successful investment.

He says to his lenders: "These loans have been good for people because they are comfortable and have low interest rates, so I am grateful to the Foundation."
View original language description ↓
Gracias por apoyar a Emiro quien con su credikiva anterior compró una hidrolavadora, y el negocio de lavar motocicletas se ha fortalecido. Hoy está muy contento y aplica a un nuevo credikiva con el cual comprará otra máquina para lavar vehículos mucho más moderna y hará de su creditkiva una inversión exitosa. Él dice a sus financiadores: “ Los préstamos han sido un bien para la gente, porque son a bajo interés y cómodos y por eso estoy agradecida con la Fundación. “

Previous Loan Details

Emiro, 33, works washing motorcycles, a business that allows him to support his home composed of his spouse and four children ranging in age from 2 to 11. Motorcycle drivers bring their cycles to Emiro so that in addition to washing them he’ll wax them. Lately, Emiro’s clientele has grown much ... More from Emiro 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
  • 228
    View loans »
    Colombia Loans Fundraising
  • $17,831,500
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Emiro Rafael to buy a machine to wash vehicles.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Apr 11, 2013
Apr 28, 2013
Currency Exchange Loss:
Aug 17, 2014
This photo was used before for a previous loan for Emiro Rafael. It was first posted on Kiva on Oct, 2012. Learn More