Update on Everlides IsabelEverlides bought a refrigerator, beef, fish, tubers and vegetables with her Kiva loan to stock her business and give it a new image. Her earnings increased slightly and she is happy because she was able to offer more comfortable payment terms to her customers. Today her business is more stable because the Kiva loan strengthened it and she is very motivated to work to support it and get her family ahead. Her message to the Kiva lenders is the following: " I am very grateful for the help that has been given. I hope to keep having your support". Her Kiva loan will be successful because with it she will be able to outfit her business with new kitchen utensils, tables, chairs and larger quantities of produce to prepare her food more easily and at a better price.
Previous Loan DetailsEverlides is 36 years old. She has four children ranging in age from 9 to 18. She lives with her husband and she's a very hardworking woman. She sells breakfasts and lunches in a place located in the wholesale square of the public market of Los Plátanos. She has been doing this for five years,… More from Everlides Isabel'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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