Alirio De Jesus
Update on Alirio De JesusWith his previous Kiva loan, Alirio was able to increase the diversity of his products in his shop. He bought chicken, pork and fish that he sold a a good price, generating a little more income. His business has grown gradually and this has helped him increase his well being. Alirio is very grateful to Kiva for this opportunity that has been offered. He had never had credit experience and now he building his financial reputation. Alirio really understands the market because of his vast experience, and he has built a clientele taht has helped him support himself. Right now, he is applying for a new Kiva loan. With it, he will buy pork, chicken and fish to continue capitalizing his business and growing as a businessman and as a person.
Previous Loan DetailsAlirio is 54 years old and lives in the southwestern portion of the city, where he performs many productive activities. On one hand, he distributes bakery products, sells hens and pigs, and he also sells candy. His cultural traditions are those of the Cauca Valley where he comes from. And from th... More from Alirio 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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