Update on TuleTule bought the supplies and materials she needed to produce the school uniforms ordered by her institutional clients. She was able to find the time to make other school and sports clothing. In her business there is a great variety of merchandise, including clothing and accessories, beauty products, etc. Tule says her business has grown this way thanks to her loans from Kiva.
She sends a thankful message to Kiva lenders for the great support Kiva has given her through her previous loans. This time, Tule is requesting a loan to stock her store with various discounted products that she has found in her catalogs as well as underwear.
Previous Loan DetailsTule is a woman who is very well-organized. She plans everything she does and is successfully getting ahead together with her 18-year-old son. She wants him to be a good citizen, family member, and hard worker, but mainly a good person who knows he can count on his father and mother. Tule is... More from Tule'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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