Leticia Del Carmen
Update on Leticia Del CarmenThank you for helping Leticia with her sewing business. She has used past Kiva loans to buy fabric, buttons and other supplies. The loans helped Leticia grow and improve her business and, in turn, to increase her income. Her message to lenders is: "Thanks for your support". Past loans have allowed her to get ahead, little by little. She is now applying for a new loan that she will use to buy new supplies of fabric, at wholesale, so that she can carry on the business. This is the time of year when her customers spend the most for the clothing she makes and she wants to be ready to meet the demand.
Previous Loan DetailsLeticia from Malambo addresses the following message to Kiva lenders: "Thank you for helping me achieve my dream of making my business grow." She is thankful for how well it is faring and wishes to continue on this course. With her previous loan, she bought cloth, lace, zips, and other supplies w... More from Leticia Del Carmen'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