Update on JenifferThank you for helping Jennifer in her baby supplies store. With her previous Kiva loan she was able to purchase toys, play pens, walkers, carriages, clothing and footwear, all in the baby line. With that loan she expanded her stock of merchandise and her sales increased. Her business is going very well since she also increased her clientele. Moreover, in her personal life, she is planning to get married.
Jennifer feels “very happy to be the beneficiary of a program as noble as this. May God reward you.” Currently she is applying for a new loan to purchase toys, baby items, walkers, carriages, footwear and bottles. This is all merchandise that turns over easily and that will make this Kiva loan a very successful investment.
Previous Loan DetailsJeniffer is 24 years old and lives in Barranquilla, where she has a baby supplies store. She had worked for many years in a similar store, and finally decided open her own business, selling toys, clothing, and other baby items. Her store is located on one of the main commercial streets in… More from Jeniffer'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