Update on DanielThank you for supporting Daniel, who with his previous Kiva loan bought materials such as foam and paint to make floral vases and floral arrangements to sell to his customers. Daniel successfully increased his sales.
Currently, he is applying for a new Kiva loan in order to buy adhesive, foam, paint and vases for flowers, etc. With these he will be able to respond to the demand of his customers as well as those of potential new customers. This will help make this loan a successful investment. Daniel sends this message to his lenders: "I am very grateful that you continue to support us with our businesses."
Previous Loan DetailsDaniel is a 55 year-old widower who has poured all of his creativity and talent into colorful vases and flowers that he has been making by hand for a number of years in his workshop "Ainter Florez" in the Las Nieves neighborhood. To do this, he uses a variety of materials such as craft foam, wood,… More from Daniel'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