Update on Sandra MarcelaSandra is 24 years old and she lives in the town of Barranquilla. She engages in designing and creating bathing suits and accessories. She has been running this activity for 2 years, and she started it after having studied Fashion Design at a professional level at the University. Her activity is her life project, and she is very happy with her job. She sells her bathing suits in the fairs, through social networks and to her friends. Sandra has requested a loan to Fundación Mario Santo Domingo in the past, and this has helped her increase her working capital and her production. She is now requesting her second loan to Kiva in order to keep on carrying out her activity by buying more products for her new bathing suits designs. Sandra dreams big, as she dreams of owning a national renowned brand. She is currently single but she would like to have a family and a house of her own, and for this reason she keeps on working and dreaming of her success.
Previous Loan DetailsSandra, age 23, is an extremely creative and dedicated young woman who sells lingerie and produces handcrafted items. She has a workshop where she makes wallets and handbags for women. Sandra decorates her creations by hand with ornamental hair pins, bracelet beads, and other beautiful items. ... More from Sandra Marcela'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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