Update on WilsonWith his previous Kiva loan, Wilson bought beers, soft drinks, sweets and fruits juices with which to stock his small stand, as well as investing in reams of paper and ink. He will invest his new loan in a greater volume of stationary, biscuits and sweets to continue to attend to his customers for whom he does his utmost, and therein lies the success of his Kiva loan. His message to the Kiva loan lenders: "Thank you so much for giving me the opportunity to obtain a loan from yourselves. I hope that you continue to trust me and that you allow me to access a new Kiva loan.”
Previous Loan DetailsWilson, 51, lives in the town of Malambo where he has a business offering transcriptions, beverages and candy. He started it after having worked as a bus driver for 28 years. While waiting for his pension he bought his first computer to do the transcriptions. Later, with help from his childr... More from Wilson'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