Update on Sixto TomàsSixto is 58 years old, his family is formed by his spouse, a son of 25 years old, and two daughters who are 28 and 32 years old. Sixto has been working in business activities for 22 years. Currently, he has a business that sells orange juice, fried food and foodstuff from a multinational company, providing a point of sale with large crowds in the city center.
Every day, he squeezes oranges that make the most delicious natural juice. His customers combine it with fried food, which Sixto buys elaborated and which constitutes a great snack. His purchases are made on credit and on cash, and his sales are developed daily mainly to employees of nearby businesses and passers-by, who recognize the quality of his products and so they return to buy.
Sixto has received two loans from Fundación Mario Santo Domingo, financings that have served him to improve the working conditions and expand the inventory. He is also generating more income, because he invested in working capital, in fixing the roof of the cart, and the heating cabinet, what impacts his customers.
His goal is to strengthen this activity with new with new points of sale, in order to finally achieve his family goals, which are to keep renovating his home. He is currently applying to a Kiva loan, the third investment he requests to Fundación Mario Santo Domingo, through which he will buy oranges and foodstuff, fried food such as pasties, stuffed potatoes and kibbes, and also disposable cups. With this investment, he will increase the inventory, leading to an increase in sales and to the success of this investment.
Sixto ha recibido dos crédito de la Fundación Mario Santo Domingo, financiamientos que le han servido para mejorar las condiciones de trabajo y ampliar el inventario y con mayor generación de ingresos, pues los ha invertido en capital de trabajo y en el arreglo del techo del carro y de una vitrina calentadora, con las que impacta cada vez mas a su clientela. Su meta es fortalecer esta actividad con nuevos puntos de venta, para lograr finalmente sus meta familiar, que es la de continuar acondicionando su vivienda.
En la actualidad está aplicando a un credikiva, tercer financiamiento que hace a la Fundación Mario Santo Domingo, mediante el cual comprará naranjas y productos alimenticios, fritos como empanadas, papas rellenas quibbes, además de vasos desechables; inversión con la que incrementará el inventario, lo que conlleva a un aumento en los volumen de ventas y al éxito de esta inversión.
Previous Loan DetailsSixto Pérez has a business in Barranquilla city centre, where he sells orange juice. He has an excellent location, surrounded by big state-owned and private companies, and on a main route where many people pass by on their way to the commercial centre. His idea for the business began 38 years ago,… More from Sixto Tomàs'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