Check out other loans that are currently fundraising!
Marylin Esther

Update on Marylin Esther

Marylin is extremely grateful for the financial assistance she received from Kiva in her previous loan, as using that loan, she increased her purchase volumes of footwear, cosmetics and electrical household appliances which she sold and thereby increased her portfolio of accounts receivables.

She is currently preparing to receive a new Kiva loan with which she will meet orders for women's, men's and children's sandals and silver articles. In this way, she plans to increase her working capital even more and earn more than before. She sends the following message to her financial backers: "I am so thankful for the financial support that I am receiving from Kiva and FMSD, I hope to carry on progressing with the continuing support."
View original language description ↓
Marylin está muy agradecida con el apoyo económico que recibió de Kiva en su anterior crédito, porque con él aumentó su volumen de compras de calzado, cosméticos y electrodomésticos que vendió y aumentó su cartera de cuentas por cobrar. En la actualidad se prepara para recibir un nuevo credikiva con el cual responderá a los pedidos de sandalias femeninas, masculinas e infantiles, artículos en plata. Con ello planea aumentar aun mas su capital de trabajo y ganar un poco mas que antes; por eso envía el siguiente mensaje a sus financiadores: “Estoy muy emocionada con el apoyo económico que estoy recibiendo de Kiva y la FMSD, espero seguir progresando con la continuidad de este apoyo. “

Previous Loan Details

Marylin Esther O. is 46 years old and lives in Ciudadela 20 de Julio. She works selling clothes, shoes, perfume, jewelry and cosmetics. She has 2 sons, ages 10 and 16 and dreams of seeing them productive and prosperous one day. That is why she strives to get them a quality education, which is he... More from Marylin 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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Marylin Esther to purchase men's, women's, and children's sandals, and silver items.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jun 25, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2012