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Update on William

With his previous Kiva loan, William was able to buy a wide variety of provisions and stationery. He was able to provide better service as a result of this investment and having more variety. In the end, it was easier for him to respond to his customers.

Today he is applying for another Kiva loan so that he can buy provisions in larger volume, which includes merchandise that has higher turnover. William will be able to obtain discounts from his suppliers. He is very satisfied and says that he is grateful for the loans. As a result, he was able to finish the construction of his house and also provide jobs for his wife and other family members.

View original language description ↓
Gran variedad de víveres y papelería fue lo que compró William con su anterior credikiva; con esta inversión y con más variedad prestó un mejor servicio, porque fue más oportuno con su respuesta a la clientela. Hoy está aplicando a un credikiva, con el cual comprará en mayor volumen, víveres, que es la mercancía que más rota en su negocio y con ello ganará los descuentos de sus proveedores. William está muy satisfecho, porque dice que gracias a los créditos ha podido terminar de construir su casa, y también tiene la oportunidad de generar empleo a su esposa y a su familia en general.

Previous Loan Details

William has a stationery and general provisions business in the city of Bogotá where he lives with his wife and three children between the ages of 13 and 21. He started his business seven years ago with a store selling snack foods and specific foods. He was gradually adding stationery items, an... More from William'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
  • 231
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,839.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped William to buy a large volume of provisions.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 20, 2013
May 23, 2013
Currency Exchange Loss:
Jul 17, 2014