Update on SandraSandra’s poultry products business has gone well thanks to her previous Kiva loan. She was able to buy chicken breasts. Her potential customers have been varied and this has allowed her to grow her business. She is excited about her work and is requesting a new Kiva loan which she will use to buy products in quantity like with her last loan. She plans to open other markets and wants to be prepared. The carnival season is approaching and increased inventory means more sales because consumption increases during carnival and much of the food is made with chicken breasts. Her Kiva loans have been a success.
Previous Loan DetailsSandra is 28 years old and works in retail distribution of chicken. She initially bought retail for 1 package of chicken and sold from home, but the market was growing so she was looking for new options. From the recommendation of a friend, she acquired a code to make purchases using a credit… More from Sandra'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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