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Update on Julio

Thank you for supporting Julio, who quickly sold the replacement parts and cold drinks that he bought with his previous loan. With that loan, he benefitted because he had a greater selection, he earned ready cash, and he increased his sales and profits. Since receiving that financing, he improved his income for his business and for his family because he built up his working capital.

Currently, he is applying for another Kiva loan, which he will use to buy beer in cash at a wholesaler. He will invest well by taking advantage of the greater consumption that occurs during the Christmas and New Year holidays. He will also buy accessories and replacement parts as well as prepaid minutes for mobile phones to make his investment a complete success.

To his lenders, Julio says, "Thank you very much for the economic support. Little by little, I have progressed with Kiva and Fundación Mario Santo Domingo."
View original language description ↓
Gracias por apoyar a Julio, quien con su credikiva compró repuestos y bebidas frías que vendió rápidamente. Con este crédito se benefició porque tuvo un mayor surtido, ganó liquidez, incrementó sus ventas y sus utilidades. .Desde que recibió este financiamiento, ha mejorado sus ingresos de negocio y de su familia, porque ha fortalecido su capital d e trabajo. En la actualidad está aplicando a un nuevo credikiva, mediante el cual comprará al por mayor y de contado cervezas, pues aprovechará la navidad y el año nuevo, época de mayor consumo para invertir bien. Así mismo comprará accesorios y repuestos, además de planes para tener más minutos a celulares y hacer de su inversión todo un éxito. Julio dice a sus financiadores: “Muchas gracias por el apoyo económico, he progresado paulatinamente, con Kiva y con la Fundación Mario Santo Domingo. “

Previous Loan Details

After Julio received his Kiva loan, he bought cell phones, accessories, and replacement parts that he sold. This gave him more profits and greater liquidity. Now he is applying for a new Kiva loan which he will use to buy replacement parts and accessories for cell phones, wholesale and for cash. ... More from Julio'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
  • 276
    View loans »
    Colombia Loans Fundraising
  • $17,889,125
    Funds lent in using Kiva
  • 1,924.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Julio to purchase beer in cash from a wholesaler. He will also buy accessories and replacement parts as well as pre-paid mobile phone minutes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 12, 2013
Dec 28, 2013
Currency Exchange Loss:
Jan 17, 2015