Update on Diana MariaDiana, 46 years old, is very satisfied because with her "credikiva" she bought a hot dog cart and many raw materials, with which she prepared the most delicious fast food. Now she sells a lot more soft drinks accompanied by the new products that she has to sell.
Currently, she is applying for a new Credikiva with which she will buy beer, raw materials like flour and supplies like cheese and meat in order to make her fried products, which have the best turnover because her customers like them very much. She sends the following message to the Kiva lenders: “My gratitude for supporting me, through you my business has grown.”
Previous Loan DetailsDiana lives in the Santa Maria neighborhood, located in the southwest of the city of Barranquilla. She has five children between the ages of 12 and 27. When she was 13 years old, she started working as a domestic employee, and continued doing so until she was 40 years old. Then, she decided to fo... More from Diana Maria'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