Estevana Del Socorro
Update on Estevana Del SocorroEstevana invested her last Kiva loan in the purchase of a heated display case and ingredients to prepare fried snacks such as rellenas, deditos, arepuelas, and empanadas carimañolas (a fried product prepared with yucca dough and meat stuffing) that she sold easily. Her business currently has a better image and she feels very happy.
She is requesting this new loan because she needs to prepare herself for the holidays at the end of the year since they are a time of increased rotation and sales of her products. She will use the loan to purchase ingredients to prepare food and make updates to her kitchen so that she can improve the productive space in which she can work since she usually spends most of the day there making food. Her business generates income for the well-being of her household.
Previous Loan DetailsEstevana, 50, works selling fried products and natural juices made with regional tropical fruits such as guava, avocado, pineapple, mango, tamarind, soursop, etc. The idea for her business came up when she was working with a woman who was selling frozen and fried snacks in a hotel in the histori... More from Estevana Del Socorro'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