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Yolbin

Update on Yolbin

Thank you for supporting Yolbin, who used her Kiva loan to buy a lot of merchandise, especially clothing and footwear, which was promoted via her catalogue. With her Kiva loan she was able to have a larger working capital and sold via the pre-payment method. Her business now has more customers and she was able to extend the time she gives her customers to pay. Now she has a better income, so she can carry on improving her quality of life.

Currently Yolbin is asking for a Kiva loan which she will use to buy clothing which has been ordered and will be able to meet the seasonal orders. These normally impact positively on her sales, making her Kiva loan a successful investment. She says to her lenders:" Thank you for providing these benefits, the loan has been the essential key to improving my quality of life".
View original language description ↓
Gracias por apoyar a Yolbin, quien con su credikiva compró mucha mercancia, especialmente ropa y calzado, que llegó promovida por su catalogo. Con su credikiva, pudo obtener un mayor capital de trabajo, y vendió mediante la forma pre-pago. Su negocio ahora posee mas clientes y ella logró ampliar el tiempo que da a su clientela para pagar; hoy posee mas ingresos, para continuar mejorando su calidad de vida. En la actualidad Yolbin está aplicando a un credikiva, mediante el cual comprará ropa, encargada y cumplirá con la solicitud de la temporada, que usualmente impacta positivamente sus ventas, haciendo de su credikiva una inversón exitosa. Ella dice a sus finaciadores: " Doy Gracias por los beneficios brindados, el crédito ha sido pieza fundacmental para mejorara mi calidad de vida".

Previous Loan Details

Yolbin used her last loan to purchase products for her store such as shoes and sweets, and she also bought cosmetics and perfumes that she sells from specialized guides or by catalogs at a good price. Currently she is applying for a new Kiva loan to purchase more shoes and to make packets of swe... More from Yolbin'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

  • $11,100
    Average annual income
  • 530
    View loans »
    Colombia Loans Fundraising
  • $14,933,525
    Funds lent in using Kiva
  • 1,879.9
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,075 helped Yolbin to buy stock which has been ordered.
98% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 20, 2014