Update on Juana BautistaThank you for supporting Juana's business making brooms. She was able to increase her production because with her previous Kiva loan she purchased raw materials at a greater volume and her business is now growing. She tells her Kiva lenders, "Thank you for supporting Colombian entrepreneurs."
Her loan will be invested in the purchase of materials for the exclusive use of straw and wood so that she can make brooms and her clientele will be satisfied. This will make her Kiva loan once again a successful investment.
Su crédito lo invertirá en la compra de materiales exclusivamente en paja y maderas para elaborar prácticas escobas y que su clientela esté satisfecha, convirtiendo su credikiva una vez más, en una inversión muy exitosa.
Previous Loan DetailsJuana is very happy with her previous Kiva loan that she used part of to buy raw materials like cotton, flannel, wood and brushes and part to furnish her small warehouse where she’s now able to store her raw materials and finished products in a secure and orderly way. She is currently getting re... More from Juana Bautista'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