Update on Leydi BeatrizLeydi bought natural medicines for her business and so has increased the stock in her store as well as the number of customers who buy from her. Now she needs to buy more natural medicines and in larger quantities so she is seeking a second loan with Kiva. Her investment will certainly be successful as she has a good reputation with her clients who know that her products have a rapid turnover. Leydi has a message for Kiva donors: “Thank you for showing confidence in me and my business.”
Previous Loan DetailsLeydi is the owner of a health products store called “Natural Verde” (Natural Green) where she sells all types of natural medicines. She also has an office in the same location where she provides physical and respiratory services. Leydi has all the necessary tools to provide these services. As a… More from Leydi Beatriz'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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