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Faneth Yolanda

Update on Faneth Yolanda

Faneth used her previous Kiva loan to buy beauty products, shoes and clothing for men, which she sold quickly and with which she earned money. With her previous Kiva loan she increased her sales and profits, greatly impacting her quality of life. With her previous Kiva loan she was able to buy at promotional and sales prices, and this was good for her business. Her message for Kiva lenders is the following: "I am very grateful for the help you provide, and hope that you will always continue supporting me." Faneth is now applying for a new Kiva loan, with which she will buy new beauty products. She has arranged good discounts on these products, in order to help her to offer good prices to her customers and make them more loyal to her business every time.
View original language description ↓
Faneth con su anterior credikiva, compró productos de belleza, calzado y ropa para caballeros, que vendió oportunamente y con lo cual ganó dinero. Con su anterior credikiva se le incrementaron sus ventas y utilidades, impactando mucho más su nivel de vida. Con su credikiva anterior pudo comprar a precios de promoción, productos en ofertas y esto fue bueno para su negocio. Su mensaje a los financiadores de Kiva es el siguiente: “Agradezco mucho su ayuda de préstamo, espero que siempre me sigan apoyando “.En la actualidad Faneth está aplicando a un nuevo credikiva, con el cual comprará nuevos productos de belleza que tiene encargados, y que han llegado con muchos descuentos, para ayudarla a dar buenos precios a su clientela y hacerlos cada vez mas fieles a su negocio.

Previous Loan Details

Faneth is a 63-year-old businesswoman who sells products through specialized guides or catalogs. She started this business more than 25 years ago to make income in order to support her household which consists of her husband, who works as a builder, and her son, who is now 28 years old. Faneth ... More from Faneth 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

  • $11,100
    Average annual income
  • 377
    View loans »
    Colombia Loans Fundraising
  • $16,201,675
    Funds lent in using Kiva
  • 1,774.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Faneth Yolanda to buy new beauty products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 21, 2012
Jan 1, 2013
Currency Exchange Loss:
Sep 26, 2013