Update on Esther JudithWith her previous loan, Esther bought materials and made a variety of purses and backpacks, which sold quickly while adding to her customer base. Now she has come to Fundación Mario Santo Domingo for new financing to buy more supplies and materials and create new designs. She is taking advantage of her new location at the corner of the market. Here she will show the finely crafted purses and backbacks she has made by hand. She is certain she will get increasing recognition from tourists who pass by. She is very grateful to Kiva lenders for their support and wants them to know this.
Previous Loan DetailsEsther is 48 years old and lives with her husband. They have three children who are between the ages of 19 and 30. Two of her children are already independent and her youngest daughter is still under her responsibility. Esther lives in the town of San Jacinto, a place known for “vertical… More from Esther Judith'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