Update on Juan BautistaWith his previous Kiva loan, Juan bought wax and honeycomb foundation so that he could produce more honeycomb panels. He also purchased equipment for processing, packaging, and labeling the sweet honey that he sells. Juan is currently applying for a Kiva loan so that he can buy a centrifugal machine (for extracting honey) and more honeycomb foundation and tools for making new panels.
His message to the Kiva lenders is as follows: "I am extremely grateful for the overwhelming support you have given me. This opportunity has given people the chance to become familiar with my business. I also appreciate the training and advice from Fundación Mario Santo Domingo."
Previous Loan DetailsJuan Bautista Rodríguez is a man who knows a lot about bees and honey production. The honey is very pure, and how could it not be, if he devotes himself to being a beekeeper. He learned this trade when he was very young. He would escape from school and go to the farms to learn about bee behavi... More from Juan Bautista'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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