Update on AlirioSince receiving his previous Kiva loan, Alirio has been able to strengthen his business and build his home a little bit at a time. For this reason, he is grateful to the Kiva lenders and is requesting their continued support so that he can keep improving his standard of living and that of his family. He says, “I am very grateful to Kiva and to Fundación Mario Santo Domingo.”
Alirio is currently applying for another loan so that he can buy ingredients and supplies for making fritters, as well as fruit, disposable packing material, and equipment for his work. He will also make structural improvements. With this investment, he expects to increase his clientele, his sales, and his business profits.
Previous Loan DetailsAlirio, 38, lives in the south part of the city with his spouse and two children who are 7 and 14 years old. He has a business there where he makes and sells orange juice, arepas [stuffed turnovers], turnovers, fried banana chips, fried cheese sticks and fried dough. His work schedule is 7am to… More from Alirio'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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