Update on Evelia MargaritaEvelia had requested a loan to buy merchandise for her business selling goods via specialized catalogues. Thanks to Kiva lenders she was able to buy clothes, perfumery and costume jewelry to sell to her customers and increase her accounts receivable. This is a profitable business for her but Evelia also has experience selling nutritional products and she’s very interested in the subject of health.
She’s asking for a new Kiva loan to buy medicinal products that are well-known and have health benefits to sell to customers that have requested them. Evelia wants to say the following to her lenders: “I am very grateful to you. You have been a great support for me to date and thanks to your support my business has grown.”
Previous Loan DetailsEvelia is married and has a 30-year old son. Despite her wide experience as a promotor of nutritional food, she had to stop this line of work because of ill-health. However, because she is a hardworking and determined woman, she made the effort to support her family through a different commercial… More from Evelia Margarita'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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