Update on Marlyn EdithWith her Kiva loan, Marlyn bought raw materials and supplies, produced shoes of many designs, and increased her sales. Now she is applying for a new loan. She will buy materials, because she plans to make an impression on her customers in the month of May by making designs tailored as gifts for mothers, gifts bought in Marlyn's business. For this reason, she says to her funders, "Thank you for this support of small business."
Previous Loan DetailsMarlyn, 44 years old, makes sandals in a small shop she has in her house, located southwest of the city, where she lives with her husband and their 2 children, both aged 13. The product lines she works with are feminine sandals for ladies and girls, which she sells based on orders from neighbors,… More from Marlyn Edith'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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