Update on NeisserNeisser bought molds and materials. He used them to create a lot of products which he then sold. His goal is to gradually increase his production and make more profits. Neisser sends the following message to Kiva lenders "Thank you for believing in micro businesspeople".
Neisser is currently applying for a new Kiva loan to buy molds and materials so that he can, once again, produce everything his customers request and turn his Kiva loan into a really successful investment.
Previous Loan DetailsNeisser, 21, is a creative young man who knows the art of ceramics to perfection. He started out initially selling these items spurred on by his father who recommended him to a friend who made them. Later on he decided to seek out customers of his own to generate his own income and when seven m... More from Neisser'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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