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Yolanda

Update on Yolanda

Thank you for helping Yolanda. With her Kiva loan she was able to purchase fabric and design clothing for woman and infants and increase her working capital. She also gained more clients and increased her profits. Her business has strengthened and Yolanda is very happy she can rely on assistance from Kiva and the Mario Santo Domingo Foundation. She has the following message for the donors: "I am very thankful for these loans which help improve my life." Currently she is applying for a Kiva loan with which she will purchase fabric to produce ladies wear in time for the busiest shopping season, starting with Mother's Day on the first Sunday in May. Yolanda needs to have a full inventory of dresses in order to respond to the needs, wishes, and interests of mothers and anyone who offers loving gifts to a wonderful being such as a mother or whoever represents this noble task.
View original language description ↓
Gracias por apoyar a Yolanda pues con su credikiva logró comprar tela y elaboró ropa para damas e infantil, aumentando con ello su capital de trabajo; tambien agregó mas clientes y aumentó sus utiliades. Su negocio se ha fortalecido y yolanda se encuentra muy contenta por contar con el respaldo de Kiva y de la Fundación Mario Santo Domingo. Su mensaje a los finaciadors de Kiva es el siguiente: " Estoy muy agradecida por estos préstamos que ayudan a mejorar mi vida. " En la actualidad está aplcnado a unc Credikiva con el cual comprará tela para elaborar ropa femenina , para responder a la temporada de mayor movimiento comercial, encabezada por el primer domingo de Mayo, dia en el cual se celebra el dia de la madres y Yolanda necesita tener el inventario preciso de vestidos de mujer, para responder las necesidades, deseos e intereses de las madres y de quienes ofrecen cariñosos detalles a un se maraviloso como lo es la madre o quien representa esta noble tarea.

Previous Loan Details

Yolanda used her previous Kiva loan to take advantage of the second half of 2010, when most clothing sales take place. Her sales increased significantly. Since she gained some customers with for this clothing business, she will once again invest in fabrics to make clothing in large quantity. T... More from 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
  • 294
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,850.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Yolanda purchase fabric for producing ladies wear.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2013
Listed
Apr 20, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 25, 2014