Update on Diana MariaWith her previous Kiva loan, Diana increased her sales and improved her earnings because she purchased everything her customers requested, such as plastic household utensils, which are the main products she offers. At the moment, she is very excited about applying for a new Kiva loan. She plans to acquire a cart and purchase additional plastic goods. Her brother also works and generates his own income.
This investment will be successful because there is a need in the marketplace for good products that are affordable. Her message to Kiva lenders is as follows: “I am extremely grateful for having learned how to manage a loan and my business. I hope you will support me once again.”
Previous Loan DetailsDiana lives in the town of Malambo in Barranquilla’s metropolitan area five kilometers from the city’s airport adjacent to the towns of Soledad, Sabanagrande and Santo Tomás and noted for having a very special social composition because among its residents we can find a mixture of people for al... More from Diana Maria'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