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Jenny

Update on Jenny

Jenny bought a large volume of merchandise and handicrafts to restock her business. As a result, she has done very well. She feels very satisfied and has received many orders for backpacks, necklaces, hats, wooden ornaments, and bracelets.


For this reason, she is applying for a new Kiva loan so that she can buy more merchandise and increase her operating capital. Jenny sends the following message to the Kiva lenders: “I am extremely grateful for the help I received and hope that this program extends to every city in Colombia.”

View original language description ↓
Jenny compró en mayor volumen mercancias y artesanias con la cual surtió su negocio y le fue muy bien; ella se swiente muy satisfecha y con muchos pedidos de mochilas, collares, sombreros, adornos de madera y pulseras, por eso está acudiendo a un nuevo credikiva con el cual los comprará y ampliará su capital de trabajo. Ella envia un mensaje a sus finaciadores de Kiva que dice: "Agradezco enormemente la ayuda recibida y ojalá este programa se extienda por todas las ciudades de Colombia. "

Previous Loan Details

Jenny, 55 years old, is an enterprising woman who has 4 children, aged between 22 to 35, and lives in the city of Barranquilla. She has had a store here since 1982. She had no source of income and decided to begin her enterprising adventure with a little capital, renting a space where she instal... More from Jenny'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

  • $11,100
    Average annual income
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,797.3
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,175 helped Jenny to buy backpacks, necklaces, hats, wooden ornaments, and bracelets.
99% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 28, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014
This photo was used before for a previous loan for Jenny. It was first posted on Kiva on Jun, 2011. Learn More