Update on YexeniaYexenia, with her previous Kiva loan, increased the inventory in her business and now her stock is much improved. She buys and then sells immediately, stocking with her inventory, which she can turn over very easily. Yexenia thanks her lenders, because this has all been thanks to their support. She is currently applying for a new loan, which she will use to buy clothing for children, women, and men, as well as some fans that people have ordered from her. This way she can respond effectively to her customers, which is exactly what makes her Kiva loans successful.
Previous Loan DetailsYexenia, age 34, lives south of the city with her 13 year old son and her two daughters, ages 15 and 10. She has a family goal to give her children a high quality education so that they can eventually be successful. She specializes in selling clothes, shoes, and domestic appliances. She sells… More from Yexenia'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