Update on IngrisIngris is very grateful for the loan granted to her previously and for having believed in her.
Now she is very happy because her business is more stocked with what she purchased: glasses, CDs and caps in higher volume, which draws her customers' attention in her area as well as surrounding areas. She is very motivated and plans to continuously maintain it; expanding it in the future.
Her loan with Kiva has benefitted her by increasing her inventory. She sells more and her income has increased.
At the present time she's applying for a new loan to buy children’s wear, sports t-shirts to stock her business.
Previous Loan DetailsIngris is 34 years old and has a business located in the city center, where she sells varied merchandise such as hats, glasses, belts, and compact disks, to customers who frequently visit the city center. From a young age she was a businesswoman, selling bocadillos [guava jelly] and gradually… More from Ingris'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