Update on ZoilaZoila's fish and cheese selling business has been going well as, with her previous Kiva loan, she was able to buy fish in the department of Magdalena. With her profits, she then returned to buy cheese that she sold to her customers. Currently Zoila is applying for another Kiva loan that she will use to buy fish, taking advantage of the orders that her customers have put in. She will be able to provide a good and fresh product, while making more money. Zoila has the following message for Kiva lenders: "Thank you for this loan and for you support".
Previous Loan DetailsZoila, 58 years old, has lived for 28 years in the south west of the city from Pedraza in the department of Magdalena from where she is a native and arrived to Barranquilla. For 16 years she has been a widow and she dedicated herself to selling cheese to generate income to support her household.… More from Zoila'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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