Update on Katiana PaolaKatiana used her previous Kiva loan to buy indispensable dressing table items for her activity and did some physical improvements to the site to offer better service to her numerous clientele who she offers personal image improvement services, manicures, pedicures, etc. Thanks to her previous Kiva loan her sales increased and her customers are very satisfied.
Katiana is currently applying for an new Kiva loan to buy more of the products that are her best sellers like creams and perfumes and will continue doing physical upgrades to her space to provide the customer comfort they require because this is her dream of prosperity.
Her message to Kiva lenders is: “Thank you for making my dreams a reality to continue growing as a person and as a businesswoman.”
Previous Loan DetailsKatiana, age 24, is a very enterprising young woman. She gives the nod to business opportunities, and she is well educated. She lives with her parents and her two siblings in the city of Barranquilla. She is studying to be an executive secretary, and she has several businesses. She sells toil... More from Katiana Paola'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