Update on HelenaHelena, a very hardworking woman, lives in the town of Soledad with her husband and four children. She requested her last Kiva loan to buy washing machines to rent to neighbours in the neighbourhood and fruit to sell from a cart. Her business continues to grow and earn income for her family. She also used a portion of the loan to continue building her house because she wants to have a safe place for her family.
Now, Helena is asking for a new loan from Kiva to purchase more fruit in bulk, to be able to get them at a better price and increase her revenue. She also wants to buy more materials for the construction of her house. She has dreams of improving the living conditions of her family because she wants to provide better housing for her four children and husband. She wants to tell her lenders that, “with your support, I have managed to improve a part of my house and my business continues to grow.”
Ahora, Helena pide un nuevo credikiva para comprar mas frutas al por mayor, para poder obtenerles para un mejor precio y aumentar sus ingresos. También quiere comprar más materiales para la construcción de su vivienda. Ella tiene sueños de mejorar la condición habitacional de su núcleo familiar, porque quiere proveer una buena vivienda para sus cuatro hijos y su esposo. Ella quiere decir a sus fondeadores lo siguiente: “Con su apoyo he logrado mejorar en parte mi vivienda, y mi negocio sigue en crecimiento.”
Previous Loan DetailsHelena Perez M. and her husband decided to start a small business because they did not have an employment to support their 4 children. They are between the ages of 12 and 17 years of age. With this idea in mind they purchased a cart and they started their business selling fruits and vegetables.… More from Helena'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