Update on Dewis EnriqueDewis bought a new shoeshine box to help improve his shoe repair business. He also bought supplies, such as soles and adhesives. Dewis also started another business by purchasing new thermoses for selling delicious Colombian coffee.
At the moment, he is applying for a new Kiva loan so that he can buy adhesives, soles, and other supplies in order to expand his business a little bit more. His message to Kiva lenders is one of appreciation because they have given him the opportunity to access credit, which he never had before. Dewis says, “The truth is that it has helped me a great deal.”
Previous Loan DetailsDewis, 34, lives in the city of Cartagena. He has a small cobbler shop run for all the members of his family, a business that he started so he could develop his free and entrepreneurial work spirit. He arrived in Cartagena five years ago from Santa Ana Magdalena with a great desire to work. He… More from Dewis Enrique'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