With her previous loan, Rosmeri bought various beauty products such as underwear and other things that she sold at a good price, and thus was able to purchase a photocopier. She was very pleased because is now able to offer a service that many of her customers need.
Rosmeri is now applying for another loan with which she will purchase a computer so she can offer additional services. She believes her investment will be very successful because it is founded in market demand in addition to her experience.
Con su credikiva Rosmeri adquirió artículos varios como productos de belleza, ropa interior entre otros, lo cual vendió a buen precio y por ello pudo comprar una fotocopiadora, con la que se encuentra muy contenta, pues adicionó este servicio que requerían con mucho énfasis sus clientes. En la actualidad está aplicando aun nuevo credikiva, con le cual comprará un computador pues ofrecerá el servicio de transcripciones e impresiones y financiará su cartera de crédito. Lo cual hace su inversión sea muy exitosa, porque se fundamenta en la demanda del mercado y en la excelente experiencia y capacidad de trabajo con la que cuenta Rosmeri.
Previous Loan Details
Rosmeri sells trinkets that she produces herself. At the same, she sells various merchandise such as hardware products, household goods, perfumes, thread, bedspreads, and other items. Rosmeri started her business 10 years ago buy making and selling necklaces, bracelets, and other pieces. She i...
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About Fundación Mario Santo Domingo
Fundación 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.