Update on Blanca IsveliaBlanca bought quantities of yogurt and whey by the tank, and also cheese and cream, and sold them quickly, generating more profit for her business. This is due to her previous Kiva loan. She is now applying for a new Kiva loan, with which she will buy new dairy products in the largest volumes that she has the capacity for, in order to obtain discounts. With the investment of her Kiva loan she will take advantage of the Christmas and New Year seasons, in order to make this investment very successful. She sends a message of "Gratitude, you are a support, which is fundamental for Colombian entrepreneurs and congratulations on this work".
Previous Loan DetailsBlanca F. P. is a hardworking woman who lives in Carrizal, a neighborhood in southern Barranquilla full of working class people who are cheerful and dynamic. Fundación Mario Santo Domingo also has a great reception in this area. Blanca has a wholesale business selling powdered whey (a nutritional… More from Blanca Isvelia'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