Update on NellysNellys, in addition to her husband's income, earns her own income for the household. She has increased this through her credikiva loan. She received one previously, with which she managed to purchase many more supplies for producing and selling a few more bags and hand-crafted sandals.
Now she is she is getting ready to receive a new loan, with which she will buy raw materials. She will make new bag designs and add to her sales by attracting more and more customers. This is what makes her credikiva loan very successful.
Nelly says that thanks to Kiva, she has succeeded in helping her family, especially her children, and has helped with her household's finances.
Previous Loan DetailsNellys, 38, is the mother of two children who are 17 and 8 years old. She dreams with seeing them become successful people in the future which is why she works hard every day. She has a small workshop where she manufactures purses and sandals artisanally, an activity she learned and that has ser... More from Nellys'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