Dulcina Del Socorro
Update on Dulcina Del SocorroThanks to the support of her Kiva loan, Dulcina was able to buy fans, women’s and men’s clothing, umbrellas, and provisions so that she could respond to her customers. Her business increased its inventory and was strengthened as a result of her previous Kiva loan. She is very happy and says to the Kiva lenders, “Thank you for supporting my business.”
At the moment, Dulcina will invest another Kiva loan in the purchase of dairy products such as cheese, as well as clothing, rice, oil, sugar, and other items. This investment will increase her profits and give her successful financial results.
En la actualidad Dulcina, invertirá su credikiva en la compra de productos lácteos como queso, ropa y arroz, aceite, azucar etc, su inversión aumentará sus utilidades y hará de su financiación una exitosa inversión.
Previous Loan DetailsBeing still a 9-year-old girl, Dulcina came with her family to work as a maid on the city of Barranquilla. They came from the municipality of San Juan Nepomuceno, part of the county of Bolivar. With the money she saved from her jobs, 10 years ago she decided to invest in the sale of clothes t... More from Dulcina Del Socorro'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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