Update on Yadira EstherYadira bought 3 Playstations and one oil drum with which she generated more profits for her business because it strengthened her two businesses.
Currently, she is applying for a new Kiva loan because the youngsters she attends require constant changes and she needs to buy CDs to upgrade her games. In addition, she has a lot of orders for orders for oil and she will also buy six oil drums. She is very enthusiastic because the location in which her business is located has strengthened what she offers, thanks to the repair of the road along which a lot of motor cyclists, who are her main customers, drive through. All of which makes sure that her investment is successful.
Her message to Kiva loan lenders: "I am very grateful for the support that you have given me in my last few loans. With these loans, I have been able to organize my business that little bit more every time. Thank you for helping me to make my dreams a reality."
Previous Loan DetailsSince Yadira M. S. received her first loan with Kiva and was able to make investments that helped her business a lot, she is very happy and tells her lenders the following: "Thanks to these people I have achieved some of my dreams because I expanded my business and now I do not have to sell in the… More from Yadira Esther'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