Update on TomasaTomasa bought silver chains, rings, and earrings with her last Kiva loan. Her spirit to continue working is very high. This motivates her because she sees the results and she wants to help her children and grandchildren. The silver jewelry that Tomasa sells is well recognized in her market.
Currently she's applying for a Kiva loan to buy articles of silver. She'll add new products made of steel, which are very much in style.
Her message to the Kiva lenders is the following: "Thanks for your support." This is because they've given her the convenience of getting capital to expand her business. Her investment will be successful because there's no other competition in the plaza, which helps her a lot to increase her capital and make her payments.
Previous Loan DetailsTomasa is working harder selling silver articles, because it's going very well. Her business, a family tradition of her husband's, still seems to be very profitable. Between her and her husband, she has managed to keep it going, and with it provide for the education and general well-being of ... More from Tomasa'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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