Update on Jacqueline EnithJacqueline is buying materials to make bags in her dressmaking shop, and also, she wants to buy a new sewing machine in order to augment her productive process and offer her clientele a better quality of products.
At present, Jacqueline is applying for a Kiva loan so that she can purchase fine thread to make the many bags demanded in other regions of the country. Her Kiva loan will produce success, as evidenced by the customer requests that are, little by little, materializing. Jacqueline is encouraged and she is disposed to turn these into permanent orders.
Jacqueline wishes to say 'many thanks' to her financial supporters and she asks for their ongoing assistance so that she can continue working with these resources.
Previous Loan DetailsJaqueline S. T. lives in the Los Portales neighborhood in the town of San Jacinto in Bolivar Department which has a crafts-making tradition. It’s quite usual to see hammock weaving, purse and hat making and other handicrafts. Jaqueline, honoring her culture, manufactures purses and is a… More from Jacqueline Enith'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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