Update on Ana JuliaThanks for supporting Ana in her purchase of fabric. She used it to make dresses that she sold. Now she is applying for another Kiva loan that she will use to buy fabric to make uniforms that have been ordered from her and which will give her new income. She sent a message of gratitude to the Kiva lenders for their collaboration and asks that they continue supporting her so that she can grow her business quickly.
Previous Loan DetailsAna is 55 years old and lives in the lovely city of Cartagena, along with her husband and four children, between the ages of 8 and 19. She learned to make clothing from her mother and she has been able to support her family for the past five years, although her experience dates back 35 years, when… More from Ana Julia'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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