Update on Jjamer SamuelThank you for supporting Jjamer, who with his Kiva loan bought motorcycle helmets, vests, gloves, lights, stickers, keychains, etc. Since he received his Kiva loan, his business has grown, his sales have increased as well as his stock, and he has improved his quality of life and household income. Jjamer sends thanks for the support received from the Kiva funders. Today he is applying for a new loan which he will invest in buying modern helmets, vests, and stickers. These are the products that move the most and they require adjustments according to styles and the buying capacity of his customers, to make his Kiva loan a successful investment.
Previous Loan DetailsJjamer is 20 years old, and is well acquainted with aspects of youth culture, especially with all things related to motorcycling. Many young people in his area use motorcycles as their primary mode of transportation, or work for a motor-taxi service transporting customers around town. Jjamer perc... More from Jjamer Samuel'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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