Update on Gloria EstherWith her previous credikiva, Gloria bought school supplies, uniforms, and shoes; and it went very well. Today, and at the same time of year, she will buy school supplies, and a variety of merchandise related to the Barranquilla carnival. The carnival is very near, and brings with it new earnings, if one invests in what the season demands.
"My thanks for the help that this insititution, FMSD, has provided me for 15 years. This has been one of the main supports for the growth of my business. May they keep supporting more people."
Previous Loan DetailsGloria L. D. Bonifàz is 68 years old and lives in the Costa Hermosa neighborhood of the municipality of Soledad. Gloria says that this is the area with the best Colombian artisanal sausages. She has a business selling all sorts of things called “DonD. Julio L.” and lives with her husband. They... More from Gloria Esther'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