Update on CristianCristian invested his previous Kiva loan into updating his computers and he gained more customers because the equipment was no longer slow and his customers are better satisfied. During the loan period, he made some improvements to his home and also celebrated the birth of his two nephews, with whom he wants to share as news from the family that makes him happy.
His message to the Kiva lenders is of great appreciation in the name of people with disabilities. It’s because of this that they have been able to get ahead and make their payments on time. He is asking for a new Kiva loan with which he will make some improvements to the floors at his business location. This will make it easier for him to move around in this special chair; the current floor is faulty and has ruts.
Previous Loan DetailsCristian, 42, has his own business offering internet services and telecommunications. He started this business in 2009 with his own savings and with an informal loan of an onerous nature, that he very gradually has been able to pay back. With money from his business he bought a computer, and la... More from Cristian'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