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Norlys Esther

Update on Norlys Esther

With her previous Kiva loan, Norlys took an important step in growing her business. Previously, her working capital was limited. With her previous Kiva loan, she bought beauty products, accessories, women's clothing, and shoes. She also increased her loan portfolio. Now she is applying for another Kiva loan, with which she will buy silver goods and accessories, which she introduced as a new product. This new product has been selling well so she will invest more due to requests from new and recommended customers. This will guarantee the success of her Kiva loan.
View original language description ↓
Norlys con su anterior credikiva dio un impulso importante a su negocio, porque antes estaba muy limitada por su capital de trabajo. Con su credikiva anterior, compró productos de belleza, accesorios, ropa femenina, calzado y aumentó su cartera de crédito. Hoy está aplicando a un credikiva, con el cual comprará artículos y accesorios de plata, lo que surgió como un nuevo producto, con el que le ha ido bien y por eso invertirá sobre pedidos que han hecho nuevos y recomendados clientes, lo que garantiza el éxito de su credikiva.

Previous Loan Details

Norlys is 34 years old, she is married and has two children aged 5 and 10 respectively. She makes her living in retail, as from a young age she had her first experience of selling vegetables, she then moved on to selling cosmetics and silver jewelry where she ultimately remained as it was going w... More from Norlys 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

  • $11,100
    Average annual income
  • 501
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,816.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Norlys Esther to buy silver goods and accessories.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 19, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 18, 2013