Update on Nevys JohannaThanks for supporting Nevys who purchased provisions such as rice, sugar, whole cane sugar, pasta, soft drinks, dairy products, etc. with her Kiva loan. Her sales increased because she was able to offer good value to her customers. Now her business has a wider range of products resulting in her customers shopping at her store more often.
Nevys is asking Kiva financers to continue supporting young people who are eager to get on well in life and to achieve their aims and objectives. She is employing her Kiva loan at the moment, using it to buy provisions, for example tinned goods, dairy products and toilet and household cleaning products. In this way her store will be restocked and she will be able to offer her customers a more attractive range of goods, which will improve demand.
Previous Loan DetailsNevys, while still a young woman of 19, already has her own business. When she was 14, she decided to become a retailer, and had two initial experiences which led her to undertake her business venture of a store. Today her store sells food, personal grooming products, and in general all the… More from Nevys Johanna'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