Update on Ledis MariaWith her previous Kiva loan, Ledis bought equipment to expand her service infrastructure. Now, she has one more TV and Play Station, and she serves more customers. Her goal is to keep investing in new games in order to attract more customers. She wants to invest in another TV. She takes advantage of the fact that she has no competition. This is why she is taking out a loan.
She would like to send the following message to Kiva lenders:
"Thank you for your support so that I can get ahead. You will help us to grow daily, as people and as businesspeople."
Previous Loan DetailsLedis, 41, lives with her husband and three school-aged children, 11 through 17 years old, in the Carrizal neighborhood. Here she offers videogame and PlayStation services, mainly to youngsters and adolescents. Her idea for a business occurred to her when one Christmas her son received a… More from Ledis Maria'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