Update on YenisYenis used her previous Kiva loan to buy costume jewelry, low-cost novelty items and toys, products she did very well with because she took advantage of the right season to make her big sales. She currently plans to get a new Kiva loan to buy school supplies, cosmetics, costume jewelry and stationery items in general. Her investment will be successful because the merchandise she’ll buy is precisely what she needs to meet customer demand.
Her message to Kiva lenders is the following: “Many thanks to all the people who contribute their money so that people who need it will be benefitted and can surge forward in their lives.”
Previous Loan DetailsYenis O. has a small store in her home which is located in Manga neighborhood, in Barranquilla. There she sells a variety of products, including cosmetics, stationery products, clothes, footwear and accessories. Her business is called "Productos Yennys". Yenis had the idea of setting up her… More from Yenis'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