Update on Liz NarcisaLiz bought supplies to sew school uniforms, responding to demand for those products. Her sales increased as she complied with her customers' orders, and thus her income also increased. In order to continue sewing a variety of product lines, Liz sent the following message to Kiva lenders: "I am very grateful and hopefully you continue to support our small businesses so we can keep working and be able to realize our dreams." She is currently requesting a new Kiva loan with the plan to purchase fabrics and thread because she has a contract to make school uniforms for daily use and for physical education. Your investment will be successful because it will add to her experience and help in making deals with schools and parents of students.
Previous Loan DetailsLiz never thought that what she saw her mother do for work would turn into her main source of personal and economic autonomy. She achieved this through her free and independent spirit, generated by her own creativity. She initially worked for an important city company. To make more money, she ... More from Liz Narcisa'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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Success!! The loan was 100% repaid