Update on Ariel CarlosAriel is 29 years old. With his previous Kiva loan he was able to do many things such as equip his shop, invest in merchandise, and other tasks. He is well-stocked at the moment.
Ariel is currently applying for a new Kiva loan so that he can buy a secondhand display case and more merchandise for the Christmas season in order to grab his customers’ attention. During this time of the year, they visit Ariel’s store because it is stocked with an assortment of items to meet the family needs. His customers come holding their cash bonuses in their hands so that they can buy everything need to throw beautiful Christmas and New Years parties for their families.
Ariel sends the following message to Kiva lenders: “I appreciate that you have taken the time to consider my loan request because the funds will play a large part in helping me accomplish my goals.”
Previous Loan DetailsAriel S. is 28 years old and lives in the neighborhood of La luz de Barranquilla. He has a commercial store where he sells all types of merchandise, especially shoes, T-shirts, paper products, a variety of options and retail items for gifts for housewives, school children and in general little… More from Ariel Carlos'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