Update on Myriam MaritzaMyriam bought cooking oil, salt, rice, and hygiene products, which she sold to her customers very quickly. She then invested again, thanks to her first credikiva, which she was very satisfied with.
Now she plans to apply for a new credikiva, with which she will buy the same merchandise in greater volume. This way, she will be increasing her working capital once more.
She sends a message to the Kiva lenders, "Thank you, thank you very much for the support you are giving me. You are a blessing from God. Thanks to you, I keep going with my little store, and I hope you keep helping me and other people who need it, so that we can get ahead. May God bless you."
Previous Loan DetailsMyriam B. lives in the municipality of Arjona in the Bolivar department close to Cartagena. She is the owner of the Fe de Dios store, has two children ages 37 and 41 who work at important companies. Five years ago she opened her store with some money from her sister and ex-husband with a dream of... More from Myriam Maritza'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