Update on Sandra MilenaSandra is very much aware of the opportunity that exists in "selling everything that the [average] shopkeeper doesn't sell". Among her stock, you can find small packets of personal care products which are very popular with her customers, baking products by weight and how her customers need them, and other general items. She has four employees who distribute products store to store and things have gone very well, especially because she used her previous Kiva loan to invest a lot more in these items and increased her sales volume.
Sandra is now applying for a new Kiva loan which she will use to buy personal care products, hardware products, candies, natural products and baking supplies. She believes that she will invest successfully because she has good market knowledge. She pre-sells in order to guarantee her sales, adapts her purchases according to her customers' expectations and delivers her orders on time as she has the employees that she needs for her market segment. She says that, thanks to Kiva and support from Fundación Mario Santo Domingo, she has managed to grow her business.
Previous Loan DetailsSandra Milena C. S., 33, lives in the Santuario neighborhood in the city of Barranquilla. She's married and the mother of 3 children between the ages of 1 and 6. She has her own business selling personal hygiene and home products like powders, deodorants, tooth paste, disinfectants, toilet pape... More from Sandra Milena'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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