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Yolanda Del Socorro

Update on Yolanda Del Socorro

Yolanda was very happy with her previous loan because she bought natural vitamin products in bulk, raw materials, and supplies with which she made dolls. She sold all of this to her customers.

She is currently applying for a Kiva loan to buy perfume items and gold and silver accessories that she has orders for. She will also buy supplies to continue making handicraft products.

Every time that Yolanda invests in her business she gets more income. That is why she is constantly diversifying what she sells. She responds to everything that her customers request. This way she keeps their loyalty.
View original language description ↓
Con su anterior creikiva, Yolanda estuvo muy contenta porque compró productos vitaminicos naturales en mayor volumen, materias primas e insumos con los que elaboró muñecas y todo esto lo vendió entre sus clientela. En la actualidad está aplicando a un credikiva, con el que comprará articulos de perfumeria, accesorios de oro y de plata que tiene encargados e insumos para continuar haciendo productos artesanales. Yolanda cada vez que invierte en su negocio obtiene msyores ganancias y y por eso está diversificando su oferta constantemente porque responde a todo cuanto le pide su clientela y así mantiene su fidelidad.

Previous Loan Details

Yolanda has received Kiva credit previously and made the most of buying sale items for retail sale; she has also invested in materials for making dolls, which fetch good profits; she now seeks to expand this business to meet several orders and to expand her clientele. Her message to Kiva support... More from Yolanda Del Socorro's previous loan »

Additional Information

About Fundación Mario Santo Domingo

Fundación 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.

About Colombia

  • $6,070
    Average annual income
  • 306
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Yolanda Del Socorro to buy perfume items, gold and silver accessories, and supplies to continue making handicraft products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2012
Listed
Aug 21, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 19, 2013
This photo was used before for a previous loan for Yolanda Del Socorro. It was first posted on Kiva on Aug, 2011. Learn More