Update on VivianaViviana is very happy with her Kivaloan, which is why she is sending the following message to Kiva lenders: "Your support has been fundamental for the achievement of my objectives." With her previous Kivaloan she was able to buy a lot of corn for the preparation of her tasty snacks that she organized on trays and which had good commercial success. She also invested in the purchase of a variety of merchandise such as colognes, perfumes and toiletries, which she sold at a good price and even allowed her to make improvements to her home. Currently, she is requesting a new loan with which to buy meat, flours, sugar, trays and merchandise such as perfumes, as well as bricks and fibre cement to finish improving her home, which will improve the standard of living of her family.
Previous Loan DetailsViviana Martínez is a great merchant of many products. She can be found selling from cosmetics, through cold cuts, to beverages and personal hygiene and personal cleaning supplies. Her enterprising inspiration came when she needed to generate family income and couldn’t find formal employment.… More from Viviana'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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