Update on Yojaira SixtaThanks to the support given to Yohaira, she was able to buy a stationery machine that helped to improve the quality of the garments she produces. In addition, she was able to buy materials and supplies in large amounts so that she could receive special discounts.
Today Yohaira has improved her productivity and her business is much stronger and has greater growth potential. Her income has increased as well. This is the reason why she has entertained many more dreams of becoming prosperous. She is applying for another Kiva loan, her second form of financing through Fundación Mario Santo Domingo. With this loan, Yohaira will buy two industrial sewing machines, a double stitch machine and a cover stitch machine. With this investment, not only will the quality of her clothing increase once again, but so will her productivity and her earnings.
Yohaira says to the Kiva lenders and to Fundación Mario Santo Domingo, “Many thanks. I hope to return for more loans so that I can keep progressing.”
Previous Loan DetailsYojaira is 40, and has three daughters between the ages of 12 and 18. She dreams of them becoming successful people, and that's why she makes such a great effort working in her business, in which she makes articles of ladies', men's and children's clothing. She has her own workshop, operating in… More from Yojaira Sixta'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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