Update on WilmerWilmer is requesting a new credikiva loan, which he will use to purchase raw material inventory and ready-made shoes, as well as assorted merchandise, since his wife and daughter market these products and get many orders.
He was very satisfied with his previous credikiva loan because he bought materials such as soles, paint, and glues, which helped him expand his shoe repair service. It also allowed him to invest in merchandise, which his family collaboratively sold. His message to his Kiva financial backers is the following: “Kiva has been of great assistance to me. I found support for my business there, and they offered me trust.”
Previous Loan DetailsWilmer Rodríguez is definitely a happy man who is always thinking up new projects. His previous investment plan was to improve his sales stall with paint and advertising to help it stand out more, to purchase materials to repair and make shoes, and additionally he took on the task of purchasing ... More from Wilmer'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