Update on PabloThanks for the support for Pablo, who with his previous Kiva credit was able to buy all types of fruits with which he supplied his cart very well. This positively sparked his sales, increasing his income and his savings. Currently he is applying for a new loan with which he hopes to expand his cart and increase the variety of fruits. Pablo says to his supporters: "Thanks for allowing me to grow in my business and my goals."
Previous Loan DetailsPablo is 52 years old, married and the father of three children between the age of 23 and 31. Together with his family, he lives in the city of Cartagena where he makes a living selling fruits, vegetables and tubers. Every day, Pablo leaves very early in the morning with his cart full of these ... More from Pablo'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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
280View loans »
Success!! The loan was 100% repaid