Update on Matilde InesMatilde is a graphic designer living in Cartagena. She used her previous loan to buy a computer and photo printer. These two tools have helped her work more easily with the photos she takes; to copy them, make photo montages and photo mosaics for her customers. It’s very important for her to use modern technology so that her work will be professional.
She’s now requesting another loan to buy a digital camera. This combined with her new computer and printer will improve the quality of her work.
Her message to Kiva lenders is the following: “Thanks to you I have reached one of my dreams: to become a photography businesswoman. I hope you will continue helping more people.”
Previous Loan DetailsMatilde Inés is a graphic designer who lives in Colombia's heroic city of Cartagena. There, in the "Geraldin Photography Studio", she does what she likes best: use Photoshop, restore old photos, design, stamp and mount photos, and do all manner of other things that have to do with the art of… More from Matilde Ines'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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