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Yexenia

Update on Yexenia

Yexenia, with her previous Kiva loan, increased the inventory in her business and now her stock is much improved. She buys and then sells immediately, stocking with her inventory, which she can turn over very easily. Yexenia thanks her lenders, because this has all been thanks to their support. She is currently applying for a new loan, which she will use to buy clothing for children, women, and men, as well as some fans that people have ordered from her. This way she can respond effectively to her customers, which is exactly what makes her Kiva loans successful.
View original language description ↓
Yexenia con su anterior credikiva aumentó el surtido de su negocio y ahora su miscelánea se ve mucho más fortalecida, porque vende y compra inmediatamente surtiendo con un inventario que rota muy fácilmente. Yexenia da las gracias a sus financiadores, porque todo esto ha sido gracias a su apoyo. En la actualidad está aplicando a un nuevo financiamiento, mediante el cual comprará ropa para niños damas y caballeros, además de abanicos que le han encargado en su preventa, respondiendo efectivamente a sus compradores y esto es justamente lo que hace que su credikiva sea muy exitoso.

Previous Loan Details

Yexenia, age 34, lives south of the city with her 13 year old son and her two daughters, ages 15 and 10. She has a family goal to give her children a high quality education so that they can eventually be successful. She specializes in selling clothes, shoes, and domestic appliances. She sell... More from Yexenia'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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 464
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Yexenia to buy clothing for children, women, and men.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 11, 2013
Listed
Jun 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014