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Yarnelis Rosa

Update on Yarnelis Rosa

Yarnelis bought hammocks, hats, sandals and bags, which sold very well. She earned profits thanks to her Kiva loan. She's currently requesting a new loan, which she'll use to purchase hammocks and hats that are on sale. Her customers will be very satisfied with them because of the good prices she has secured specially for the upcoming season, which brings great opportunities to earn a little more money. Her message to Kiva lenders is to keep up their work, because it benefits a lot of people like her.
View original language description ↓
Yarnelis compró hamacas, sombreros, panchas, sandalias y bolsos, que vendió muy bien y ganó dinero y esto fue gracia a su credikiva. Hoy está aplicando a un nuevo financiamiento con le cual comprará hamacas y sombreros que están en promoción y con ellos estará muy satisfecha su clientela por los buenos precios que ha conseguido especialmente para esta temporada que se avecina con grandes oportunidades de ganar un poco mas de dinero. En su mensaje a los financiadores de Kiva pide que sigan con esa labor, pues como a ella, está beneficiando a mucha gente.

Previous Loan Details

Yarnelis is 43 years old. She lives in San Jacinto, land of vertical weaving, hammocks and other beautiful artisanal crafts made by hand mainly by the women of this region. That is why it isn't unusual that Yarnelis follows this tradition and applies it to her business, with which she generates i... More from Yarnelis Rosa'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
  • 560
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,832.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,375 helped Yarnelis Rosa to purchase hammocks and hats.
99% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 21, 2014
This photo was used before for a previous loan for Yarnelis Rosa. It was first posted on Kiva on Feb, 2012. Learn More