Update on LuisThank you for supporting Luis with this loan. With it he was able to buy camera accessories such as lenses, zoom lenses, flashes, and cameras. Due to this, his sales increased and so did his services. Now he lives with greater peace of mind because the financial resources he accesses are low cost and he can finance his business easily, as with this loan.
At the moment, he is requesting a new loan, with which he will buy cameras and photography accessories such as flashes, zoom lenses, tripods, tools to avoid movement. He hopes this investment will be very successful as it will improve his infrastructure by modernizing it in order to obtain better range and quality in the services he offers. He feels very happy to be able to live up to the expectations of what his customers require.
En la actualidad está aplicando a un nuevo credikiva, con el que comprará cámaras fotográficas y accesorios como flash, teleobjetivos trípodes, herramienta de sostén a fin de evitar el movimiento. Su inversión planea ser muy exitosa porque mejorará su infraestructura modernizándola para obtener unos mejores registros y calidad en el servicio que ofrece sintiéndose muy contento por estar a la medida de lo que requiere su clientela..
Previous Loan DetailsLuis is 48 years old and lives in the city of Barranquilla with his wife and his two children, ages 4 and 5 years. He makes a living as a professional photographer at events such as birthdays, graduations, first communions, etc. He originally learned through a friend and later was able to… More from Luis'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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Success!! The loan was 100% repaid