Update on AdalgizaAdalgiza is 53 and invested her previous loan with credikiva in buying groceries, canned goods, soft drinks etc. With it she maintained good levels of inventory with which she satisfied the needs of her clients to buy and hers to sell and have more working capital to buy more volumes. Currently she plans to get new credikiva loan which which she will buy new products that turnaround faster, because her clients request them daily, these are basic products, oil, sugar, salt, soft drinks; with this merchandise her inventory will be better once more and she will strengthen working capital. Her message to Kiva lenders is: "Continue to provide this wonderful support to micro-enterprises though low cost credit".
Previous Loan DetailsAdalgiza is 52 years old and sells everyday food products such as groceries, canned goods, soft drinks, and a variety of other items. She has been in business for eight years and has gained a great deal of recognition from the members of her community, especially among housewives who are her mai... More from Adalgiza'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