Update on MaricelaThank you for supporting Maricela who, with her previous loan, was able to buy school materials and miscellaneous items to stock up her business. Her income increased because the products generated attention and interest from customers who wanted and bought the products. Now, Maricela and her family are better off and Maricela feels more satisfied. Maricela is currently applying for a Kiva loan that she will use to buy disposable crockery and cutlery and other general products. With the new stock, she will have merchandise that has a high turnover and Maricela will be earning ever more, making her Kiva loan a success.
Previous Loan DetailsMarciela is 29 years old, she is married, and she is the mother of two children that are 4 and 9 years old. She sells miscellaneous items from her home, where her neighbors and people from nearby neighborhoods come to find items for their households, such as stationary, household goods, disposab... More from Maricela'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