Update on DuniaDunia's business is well organized. With her previous Kiva loan, she was able to buy machinery that improved her output. Now she is ready for a new loan to buy a specialized sewing machine and materials such as fabric, thread, buttons and zippers. With these she will prepare garments of high quality, given a finish of excellence with her new machine. "I am very grateful for the cooperation I have been given with respect to my business and in the future I hope to continue working with you [Kiva partner Fundación Mario Santo Domingo (FMSD)]."
Previous Loan DetailsDunia, 55, is a married woman with three children, aged 25 to 36. She is a seamstress who makes all types of clothing for women, men and children. She obtained her knowledge when she was 14 years old, when her sister stopped providing formal studies, and she decided to learn a skill that woul... More from Dunia'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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