Candelaria De Jesus
Update on Candelaria De JesusCandelaria's interest is meeting the needs of her customers, and so she invested her past Kiva loan in the purchase of cosmetics, cold meats, articles of clothing, and household items, among other things. Now she is applying for a Kiva loan with which she will again buy, in larger quantity, cosmetics, cold meats, articles of clothing, and household items. Candelaria feels happy about the support offered and wants them to continue offering this help that is so valuable -- this is her message to the Kiva lenders.
Previous Loan DetailsCandelaria lives in the city of Cartagena and sells cold cuts but also takes advantage of her market to also take care of any other family need, to acquire assorted merchandise like cosmetics, footwear, bed linens, towels, etc. Candelaria started this business ten years ago and sells cold cuts… More from Candelaria De Jesus'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