Update on Diana JannethDiana, with the support from her previous Kiva loan, purchased a machine that she needed for her sewing operation, and she began to outfit her business for its industrial and practical needs. She is presently requesting a loan to purchase an industrial collar machine and a sewing machine. These machines will allow her to transform her operation into a capable small business equipped with modern devices, and will allow her to attend to more clients. These improvements will make her business more efficient and effective for the present and future.
Diana is very grateful to the Mario Santo Domingo Foundation and to Kiva for their support of her growing business.
Previous Loan DetailsDiana C. is 37 years old, married, and has 3 children of the following ages: 1, 7, and 10 years old. She makes adult sports clothes, which she hopes to watch grow into a large company. Since 2006, she studied design, cut, and tailoring at a technical college. In 2008, after investigating her… More from Diana Janneth'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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