Maria De Los Milagros
Update on Maria De Los MilagrosThank you for supporting Maria who, with her Kiva loan, invested in a computer and food products and natural medicines. She sold these products and customers paid in weekly installments. Maria's goal is to improve her quality of life. She is very happy as she no longer depends completely on her husband to provide for their children. Maria would like to tell Kiva lenders that she is very grateful and hopes that they can help her to receive further loans. She is currently applying for a loan to buy a computer and to increase her purchases of natural medicine. With this she can increase her market and offer a more effective photocopying service.
Previous Loan DetailsMaria is 38 years old and lives in the city of San Jun Nepomuceno with her three children who range in ages from 15 to 21 years. She has a business there; offering internet and photocopy services, where she generates the income she needs to support her household. She combines these businesses… More from Maria De Los Milagros'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