Roque De Jesus
Update on Roque De JesusRoque is very grateful for the continuous support he has received for his business. With his previous Kiva loan he bought tomatoes, potatoes, chilies, onions, broccoli, cauliflower, passion fruit and lulo [a tomato-like fruit], with which he increased his sales. He offers a wide variety of fresh fruits, vegetables and tubers to his distinguished customers.
Today he is applying for a new Kiva loan with which he will buy household staples, especially fresh fruits and vegetables that are customarily eaten by families to celebrate the holiday season. Roque must therefore rotate his inventory from what he must supply on a permanent basis.
Previous Loan DetailsRoque, 59, is married and has two offspring, 30 and 34, and he and his wife earn money for family expenses with a business of selling fruit, vegetables, and tubers. The business is open every day and he is an organized person who has managed to establish a stable business and generate income for… More from Roque De Jesus'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