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Glenis Esther

Update on Glenis Esther

Glenis bought merchandise to stock her variety store and make improvements to it. Currently, she’s applying for her second Kiva loan to buy the entire range of Christmas-themed items because she’s getting ready to respond to customer demand for that season. She will buy multi-use outfits, Christmas decorations, etc. “Thanks to the support I received I was able to do some home improvements and the number of customers in my store increased thanks to the variety of stock I offered.”
View original language description ↓
Glenis Compró productos para surtir su negocio de miscelánea e hizo adecuaciones a su local. En la actualidad está aplicando a su segundo credikiva con el cual comprará toda la gama de artículos navideños pues desde ya se prepara para responder a sus clientes en esta época, así es que comprará multiusos, adornos navideños etc. “Gracias al apoyo recibido pude mejorar mi vivienda y en el negocio se aumentaron los clientes, debido a la variedad de surtidos que ofrecí”

Previous Loan Details

Glenis, 33, is married and has four children who range from 4 to 15 years of age. She is very well known in town where the crafts fairs and feast days of San Luis Beltrán are the busiest days with highest demand for all types of business. Because Glenis also knows how to sew clothes she started... More from Glenis Esther'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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,480,775
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Glenis Esther to buy a whole range of Christmas-themed merchandise.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 19, 2011
Currency Exchange Loss:
Covered
Ended:
May 17, 2013