Merys De Jesus
Update on Merys De JesusMerys increased her income and the working capital of the business she runs at home, thanks to her credikiva. She bought stationery items and copy paper. She sees a bright future for her business and this is why she is requesting a credikiva again, through Fundación Mario Santo Domingo.
With this loan, Merys will buy a copy machine, since the one she has is too small and cannot cope with her customers’ demands. Her strategic location, close to academic institutions, represents a great advantage for her sales, since students are her main customers.
Previous Loan DetailsMerys, 26, lives with her two-year-old son in the town of San Jacinto in the department of Bolívar. Her business dates back to when her brother was selling merchandise that came from the town of Maicao in the department of La Guajira. With this experience, Merys began her business venture four ... More from Merys De Jesus'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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