Update on EverlidesEverlides invested her last Kiva loan in a vehicle and raw materials and supplies with which she made footwear. Since she received her loan her quality of life has improved because her sales have increased. She sends the following message to her donors: "I appreciate the support you have given me, and I hope I can continue to count on it." She is currently applying for a new Kiva loan which she will use to purchase straps, toecaps, and glue as she needs to fill a large order and she doesn't currently have the necessary working capital to complete the order in a timely manner. The order will increase her sales, and this is precisely the goal of your investment.
Previous Loan DetailsEverlides is 43 years old. She is married and has two children ages 13 and 15, and her dream is to see them become successful adults. She makes shoes, an occupation she learned 17 years ago from her husband, whom she helped on weekends, as on weekdays she worked an an employee of a government org... More from Everlides'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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