Update on Benilda CristinaThread with which to make hammocks and bags is what Benilda bought with her previous loan. She is happy to have been able to respond to customer demand in the city of Cartagena where the vertical weaving style is very well received. Her satisfaction with this loan's results led her to give infinite thanks to Kiva nad ask that they continue giving loans to her. This is a great help to her finances and she really increased her income after the investment of her loan.
She is currently very enthusiastic because of the increase in her requests for products and she is ready to respond to them. That's why she is asking for a new loan with which to buy her supplies, like fine threads to make new hammocks, which will have a greater value, and with the motive of making her customers really like her products, and she hopes this will make her new loan very successful and that she will continue to become more prosperous each time she reinvests.
Previous Loan DetailsBenilda, 55, sells crafts and lives in San Jacinto in the department of Bolívar. She is married and has three children, ages 31 to 22. The reason for starting her business was that weaving was a family tradition so she learned the trade. Then she married and helped cover household expenses thr... More from Benilda Cristina'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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