Update on MabelWith her previous credikiva loan, Mabel bought fabric for making denim pants that she sold in the La Colmena area of the city of Monteríá in the cattle-raising area of Colombia. Now she has a new market to explore, in the cities of Baranquilla and Monteria, as she has orders for men's and women's plaid bermuda shorts.
Currently, she is applying for a new credikiva loan with which she will buy fabric in a variety of colors and plaid designs, to respond to growing demand.
Her message to the Kiva lenders is the following: "Many thanks to Kiva for their support, because the inexpensive credit helped me increase clothing production little by little."
Previous Loan DetailsMabel is 42 years old and she lives with her 12-year old son in the municipality of Soledad. She crafts all styles of clothing. Her primary market is the large wholesalers, offering them manufacturing services. A group of women who produce according to specifications and the products are destined... More from Mabel'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