Update on Alix MariaAlix is thankful for the previous loan and support she received for her business of making handbags of synthetic materials. With that loan she was able to buy raw materials to make women’s wallets and handbags. Alix says that she has earned more income since her previous Kiva loan because of the working capital it provided for her business. She says that thanks to Kiva, today her business is stronger economically, and that she is happy to be able to count on an ally for her financing.
Alix is now requesting a new loan to buy a sewing machine so that she can do finer finishing along borders and seams, as well as to buy leather, imitation leather and plastics. She will also buy other raw materials to make new products.
Alix ha generado más ingresos, desde que recibió su credikiva, por efecto del capital de trabajo que con este financiamiento aplicó a su negocio. Ella dice “Que Gracias a Kiva, su negocio hoy en día, esta mas fortalecido económicamente y que está satisfecha, porque cuenta con un aliado para sus préstamos”.
Actualmente ella está aplicando a un nuevo financiamiento, mediante el cual comprará una máquina de coser, ideal para dar un mejor acabado en los bordes, a las costura en cuero, cuerina y plásticos y también invertirá en estos materiales de consumo, para hacer nuevos productos.
Previous Loan DetailsAlix is 37 years old. She makes a living through the production of women’s purses and linen items in general in a workshop situated in her own home. She lives there with her partner and their three children of 4 to 16 years of age. She has worked for five years at her business, which she began wh... More from Alix Maria'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