Update on EnalvisWith her previous Kiva loan, Enalvis purchased supplies and fixed assets that were necessary for the functioning of her business. Her business improved because she was able to expand it, and because of the less costly interest rate offered by Kiva.
Since she received her Kiva loan, she earned more profits and her sales increased; she improved the quality of her customer service, and the life and well-being of everyone in her family.
Today, Enalvis is appealing to her lenders so that “They might continue to support every entrepreneur’s dream of moving forward”. Currently, she is applying for a new loan, with which she will purchase a photocopier-printer and supplies in order to continue expanding her business, which makes her Kiva loan a good investment.
Previous Loan DetailsEnalvis is 28 years old, married and has two children ages 12 and 4. She earns income with her own business, which is preparing and selling lunches, soft drinks and ice cream. Her husband gave her the idea to start the business when he suggested that she sell lunches to his work colleagues. Wi... More from Enalvis'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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