Eunice Del Socorro
Update on Eunice Del SocorroWith her previous Kiva loan, Eunice bought a variety of merchandise and sports items and sold them. Her business expanded and now she has new orders and new clients. Currently, she's requesting a Kiva loan to buy stylish clothing and shoes. Her clients made their orders early enough so that they will be wearing her articles during the Christmas festivities and New Year. That way they'll be very happy dancing, enjoying themselves and showing off their dresses, while Eunice is generating income to improve her family's quality of life. Her message to the Kiva investors is the following: "I give thanks to you for helping me improve my financial situation”.
Previous Loan DetailsEunice is requesting a new loan because she is very satisfied with what she has accomplished with her previous loan, thanks to which she has bought various products, food and even shoes: she has sold all these items thus increasing her profitability. She will now take advantage of the upcoming… More from Eunice Del Socorro'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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