Update on Juana BautistaJuana is very happy with her previous Kiva loan that she used part of to buy raw materials like cotton, flannel, wood and brushes and part to furnish her small warehouse where she’s now able to store her raw materials and finished products in a secure and orderly way. She is currently getting ready to respond to a large demand for brushes and mops and this is why she’s calling on a Kiva loan once again. She plans to use it to buy supplies to produce and increase her capital. She sends the following message to her lenders: “I’m very grateful for the support I got from you to continue growing.”
Previous Loan DetailsJuana Bautista lives in Carrizal neighborhood, in Barranquilla. Juana and her daughter live in a family member's home that they share with her nieces and nephews. Juana's separation from her husband and her immense desire to get herself and her 16 year-old daughter ahead in life, drove her entr... More from Juana Bautista's previous loan »
About Fundación Mario Santo DomingoFundación 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.
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Success!! The loan was 100% repaid