Update on LedisBeer, sweets, and baked goods are the products that Ledis purchased with her previous Kiva loan. With the loan, she strengthened her business by increasing her working capital, so she was able to restock her shop well and meet her customer's needs. She is now requesting a new loan with which she plans to keep increasing her income by increasing sales, since she will now offer personal care products for sale. She will purchase liquor, soft drinks, wheat products, and personal care products. She is very grateful for Kiva's help and for the wonderful work that they are doing.
Previous Loan DetailsLedis is 43 years old and the mother of two children who are 7 and 9 years old. Her sole goal is to support her children so that they are happy and successful. Her main business is the purchase and sale of beer, soft drinks and Pony Malta [a brand of wheat soda] for wholesale and retail sale. She... More from Ledis'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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