Update on Daimer RafaelDaimer sold pork, chicken, and sweets, with which he improved his profits. He invested once again thank to the Kiva loan. He was able to show diverse products, varied prices, and a greater inventory. Today, he is applying for new financing, with which he will wholesale meat products. He will buy the ones that are most consumed during the Christmas season and New Year's and those that he has the most pre-sale demand for. With this investment, he hopes to get better prices for purchase volume and he hopes that his Kiva loan is very successful.
Previous Loan DetailsDaimer, 37 years old, lives in the Soledad municipality. He has been a merchant since he came from Bogota, the capital of Colombia, looking for work opportunities in companies. He finally started selling various merchandise and later saw an opportunity in the sale of food such as meats, bread,… More from Daimer Rafael'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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