Update on MariaThank you for supporting Maria with a previous Kiva loan. The loan helped her to add products to her inventory and sell them. She bought fashion accessories, school supplies, and other items. Today she has a bigger stock and her sales have increased.
Since her first loan, her living conditions have improved and she is now able to financially help her relatives. She sends this message to the Kiva lenders: "I am very happy with the loan and I hope to continue with your support."
She is now seeking a new loan so that she can buy more school supplies, fabrics, and fashion accessories. She wants to produce and sell more products and continue strengthening her business.
Previous Loan DetailsMaria is 41-year-old woman who lives in San Jacinto municipality in Bolivar department. This is the land of handicrafts, and vertical weaving characteristic of hammocks and backpacks, that is well-known in the whole country. Maria has a business, which is a sales outlet where she offers… More from Maria'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