Update on Ana ElenaThanks to the support given to Ana, who used her Kiva loan to buy a computer, she was able to improve her service as well as her income. With this investment and improvement, Ana was able to maintain her business and contribute toward the support of her household.
At the moment, she is requesting to purchase a photocopier so that she can expand her offering of services to her customers. For this reason, she is applying for a new Kiva loan so that she can accomplish this goal. Once again, she expresses her appreciation for these services.
Previous Loan DetailsAna Pérez C., 30, lives in San Juan Nepomuceno, known as Colombia’s green city and lung of the María Mountains, located in Bolívar department. Ana has a three-year-old son and it’s for him that she struggles daily to provide support; her parents help her out with their unconditional support. ... More from Ana Elena'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