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Nellys Yolanda

Update on Nellys Yolanda

Nellys bought a sewing machine with her previous Kiva loan and this allowed her to fulfill her dream of making progress in her business. She is very grateful for the loans she has received and she hopes to continue working with these resources.

Nellys is currently applying for a new Kiva loan which she will use to buy materials for making her own hand-made creations. The end-of-year holiday period brings her a lot of customers and this is just what she needs to grow her business. Thanks to her Kiva loan, Nellys will be able to buy in larger quantities and thereby meet her end-of-year demand. She is applying for a new loan so that she will have a lot of threads in different colors available for making more bags which she has orders for. This will guarantee the success of her Kiva loan.
View original language description ↓
Nellys comrpró una maquina de coser y esto es gracias a su credikiva que permitió que cumpliera su sueño de avanzar en su negocio; Ella está muy agradecida por los préstamos y espera seguir trabajando con esos recursos. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará materiales para elaborar con sus propias manos artesanias, pues las vacaciones de fin de año traen cosigo mucha clientela y esto es justamente lo que lla necesita para hacer crecer su negocio. Gracias a su credikiva puede comprar en mayor volumen y dar respuesta a la demanda de fin de año, por eso está aplicando a un nuevo finaciamiento tendrá mucho y diversos colores de hilos para hacer los bolsos en mayor volumen, que tiene encargado y que garantizan el éxito de su credikiva..

Previous Loan Details

Nellys, 39, is a married woman who has three children between the ages of 12 and 17 who currently are studying in the town where they live. She has her business making handicrafts, especially backpacks, bags, and hammocks, which she learned to make through the cultural tradition of her family, for… More from Nellys Yolanda'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
  • 136
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Nellys Yolanda to buy different colored threads for making bags in larger quantities.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013