Update on Jorge AlbertoJorge bought natural products with his Kiva loan, such as vitamins and varied merchandise with which he responded to the customers according to their orders and with this he increased his sales volume. Right now, he is asking for a Kiva loan with thich he will buy natural medicinal products and varied merchandise such as accesories, perfume and more. His loan investment in his business is succesful because he has regular customers who refer new customers to him, and because he has 35 years experience, which makes him a leader among them. He is very grateful to the Foundation and to Kiva for the financial support he has received. He hopes to continue receiving it to reach his goals of business, family and personal prosperity.
Previous Loan DetailsJorge is 52 years old. He is a man to whom business comes naturally. He lives with his wife and three children who are aged between 17 and 23. Jorge has been working in commerce since he was a teenager, selling snacks and general merchandise that his few customers ordered from him. These were… More from Jorge Alberto'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