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Yaciris Del Socorro

Update on Yaciris Del Socorro

With her previous Kiva loan, Yaciris purchased, sports shoes, school shoes, sandals, and flip flops wholesale on a cash basis for men, women, and children. At the present time she is applying for a new Kiva loan because there are new styles in fashion that she must display because her customers like everything that signifies change and modernity. She will buy women's, men's and children's footwear because it's close to the second half of the year, the season when there is an increase in sales of modern styles. This significantly increases overall sales which positively impacts annual profits. Her message to her Kiva lenders is the following: "Thank you very much for supporting me. May God bless you, always, that you continue to support me."
View original language description ↓
Yaciris con su credikiva compró al por mayor y de contado, zapatos deportivos y colegiales, sandalias y chancletas para caballeros, damas e infantil. En la actualidad está aplicando a un credikiva, porque hay nuevos diseños ajustados a la moda que debe exhibir, porque su clientela le gusta todo lo que signifique cambio y modernidad. Comprará entonces, calzado femenino, masculino, e infantil porque se acerca el segundo semestre del año, temporada en la que se incrementan sus ventas de estilos actualizados y usualmente se elevan significativamente las ventas impactando las utilidades del año positivamente. Su mensaje a los financiadores de Kiva es el siguiente: “Muchas gracias, por apoyarme “Dios los bendiga, siempre, para que me sigan apoyando. “



Previous Loan Details

Yaciris, 24, lives in the "20 de Julio" neighborhood, which is an area that contains both formal and informal activities, commercial zones, buildings, residential complexes, houses, and supermarkets. This is an area known throughout Colombia, because it is very close to one of the most important... More from Yaciris 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
  • 297
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,675 helped Yaciris Del Socorro to buy women's, men's, and children's footwear.
98% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2015