Update on Claudia PatriciaThank you for supporting Claudia who used her Kiva loan to buy manioc at wholesale and was thus able to tend to her customers in a timely fashion and her sales increased as a result. Her profits grew and she’s also very satisfied on a personal level because her daughter graduated from high-school.
She sends the following message to Kiva lenders: “A thousand thanks for supporting such a noble cause. May the God of Life shower you with many blessings.”
She’s currently applying for a new Kiva loan she’ll use to buy bundles of manioc to increase production of dough. Her Kiva loan will be a successful investment because of her constant effort, discipline and commitment to work.
Previous Loan DetailsClaudia purchased a lot of yuca with her Kiva loan, and prepared paste in her productive process. She was able to sell a lot more at different fast food spots. Currently she is getting ready to access a new Kiva loan and is planning to again purchase a greater amount of her main raw material - ... More from Claudia Patricia'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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