Update on MarlyMarly is very happy because thanks to her previous Kiva loan she was able to make improvements to her two apartments. The kitchen and the walls now shine brightly, and conditions are much more hygienic. Currently she is planning to invest in her business, buying baking stones and and oven for making pizzas, so that she can increase her production.
She believes that God will always be with her. She sends "a message of gratitude to the Kiva lenders, who through their work are helping many people whom they haven't even met, but we are very grateful."
Previous Loan DetailsMarly is 33-years-old and lives in Cartagena where she has her business selling tamales, a dough from flour or rice with vegetables and chicken or pork. There she also sells the famous enyucados, a sweet cake baked from cassava (yucca root), cheese, coconut, and sugar. Marly learned how to make... More from Marly'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