Rocio De Jesus
Update on Rocio De JesusWith her last loan Rocio bought discounted products from catalogs as well as cold drinks to sell, and also she invested some of the money in the purchase of natural products ordered by her customers. Now she is applying for another loan to buy beer in large volumes, washing machines, laptop computers, and small appliances to sell. She has orders for them, and since she started selling these items five months ago, sales have gone well.
Rocio says thank you to Kiva donors for the help she has received. They should always keep in mind that they are helping people who need a hand to help their businesses grow.
Previous Loan DetailsRocio is 47 years old and he lives in the municipality of Soledad with her husband. They have two children, aged 22 and 29. In her community of Gaviotas she sells soft drinks and alcoholic drinks. It is a business through which she is able to support her household. Rocio worked previously as the… More from Rocio De Jesus'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