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Update on Nidia

Nidia says to her Kiva lenders "Thank you very much. Because of your support, I can go ahead" because she received a credikiva with which she bought staples such as snacks, soft drinks, groceries, etc, that she used to supply her business and she was successful, since she has sold all the goods. She is currently applying for another credikiva, which she will use again to buy staples such as rice, oil, grains, supplies and groceries. Her business experience and work ethic are making her business grow further and turning any investment she makes into a success.
View original language description ↓
Nidia dice a sus financiadores de Kiva: “Muchas gracias porque con su apoyo, puedo seguir adelante:” porque ella recibió un credikiva con el cual compró artículos de la canasta familiar como ranchos, víveres, refrescos etc., con los que surtió su negocio y le fue bien, pues vendió todas las mercancías. En la actualidad está aplicando a un nuevo credikiva, con el cual comprará nuevamente artículos de la canasta familiar, como arroz, aceite, granos, víveres y abarrotes. Su experiencia en el negocio y disciplina de trabajo hace que cada vez mas su negocio crezca y la inversión que esta le haga sea exitosa.

Previous Loan Details

Nidia R. R. is a very wise woman who knows exactly what strategies to implement in every moment of her life; especially in regards to her business. She started out selling gold jewelry, but when the price of gold rose, sales began to decline and profits fell, so she changed her merchandise. The... More from Nidia'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
  • 391
    View loans »
    Colombia Loans Fundraising
  • $16,230,175
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Nidia to buy staples such as rice, oil, grains, supplies and groceries.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Feb 28, 2012
Mar 20, 2012
Currency Exchange Loss:
May 7, 2014