Update on AdaliciaAdalicia leveraged support from her previous loan to purchase raw materials for sewing and completing customer orders for school uniforms and other items at her sewing business. She was also able to use part of the loan to purchase a small glass showcase for her business. Adalicia is happy to be applying for this new loan, and she plans to use the support from this loan to make improvements to her home, including applying veneer to potentially leaky roof spots, and redoing the floor.
With increased sales and a more financially stable home, Adalicia has experienced direct benefits of her previous loan. She would like to tell all Kiva lenders, "Thank you for your support of my business and my family."
Previous Loan DetailsAdalicia used her previous Kiva loan to buy a display case and stationery supplies to stock it and she quickly sold out her products. Her current Kiva loan will be used to buy fabric to make uniforms to fill orders she has for the end of year from a local neighborhood school next door to her b... More from Adalicia'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