Update on Sadith EstherSadith bought at wholesale and for cash, supplies such as thread for weaving, stones, steel, and gourds. With her hands she turned them into the most beautiful handicrafts and succeeded in selling them quickly.
Her sales increased and she became very happy. That is why she is applying for a new credikiva loan, which she will use to buy sports jerseys and baby outfits alluding to the Brasil 2014 World Cup soccer play-off, soon to be held in Metropolitan Stadium in the city of Barranquilla. As her sales outlet is located very near this sports venue, she will very likely enjoy great sales.
Her message to the Kiva lenders is the following: “Thank you very much for the financial support, I hope to continue receiving such valuable support so that my businesses keep growing and my family progressing."
Previous Loan DetailsSadith makes crafts such as bracelets, weavings, and the other handicrafts that she sells to customers at her stand. Her main raw materials are coconuts, seeds, thread and totumos, a fruit that grows in Colombia with a tough peel that hardens when it's ripe. Her art is part of a tradition,… More from Sadith Esther'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