Update on Bellamis AstridThe previous Kiva loan that Bellamis, age 35, had went very well for her. Her husband, who appears in the photo, supports her. She is especially dedicated to waiting on her customers. She is very enthusiastic.
She needs to invest in her business again, especially at this time. There is now a great upturn in sales like there is at the end of the year.
She will use her second Kiva loan to buy wholesale supplies in order to get discounts and get an improved profit. Her message to the lenders of the loan is the following: “I want to give you my immense gratitude for the opportunity you gave me to grow my business with the loan you provided.”
Previous Loan DetailsBellamis Astrid C. M. lives in the Luz de Barranquilla neighborhood. She is 34, and together with her spouse (at left in the photo) she has a business making and selling foods, a business she started when her spouse was unemployed after having worked with one company for 20 years. From there s... More from Bellamis Astrid'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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