Update on Carmen RosaSelling plantains, yucca, yams and hens has become an important and healthy way for Carmen to make her living ever since she arrived displaced with her family, made up of seven small children and her partner, with few income possibilities. Initially, she realized that in the neighborhood where she lived it was difficult to get tubers and hens. That is why she went to buy them at the nearest farms and sell them to clients that needed an easier way to meet their consumption of these basic family staples. She has received a loan from Fundación Mario Santo Domingo that she has managed to invest and generate profits. With them, she has bought everything necessary to live a little bit better and to provide her children with an education with which they will be able to get ahead in the future. Her goal in the future is to have a store where she sells snacks, basic provisions and meat products and everything that customers need for everyday consumption in their homes and that they can only buy in small quantities. Currently, she is applying for a Kivaloan, with which she will buy plantains in greater volume and hens, products that she acquires at very competitive prices that she passes on to her consumers, which is why they prefer her, and is exactly what makes her Kivaloan successful. Her experience in the market brings her a lot of buyers that make her business profitable and with which she continues supporting the wellbeing of her family. This makes her very happy.
Previous Loan DetailsCarmen lives in the city of Cartagena and is a beneficiary of the sustainable living project, which in this city is headed up by the Mario Santo Domingo Foundation. Her family is made up of her husband and their seven children between the ages of 7 and 28, who she dreams will become successful. S... More from Carmen Rosa'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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