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Libia Esther

Update on Libia Esther

With her previous Kiva loan, Libia stopped working on high cost credit and feels much more relaxed because of the profits the loan has brought her. With the loan she could buy in cash in higher volume, and she gained discounts. Now she is applying for a new Kiva loan to reinvest the money she has regained from her account and the loan capital she gained be responding to her clients, who have a need to acquire goods to make a new line. She is very grateful to Kiva and wants to continue counting on the support of financiers in the world to be able to grow her business with a lot of work.
View original language description ↓
Con su credikiva anterior Libia dejó de hacer créditos a alto costo y se siente mucho mas tranquila, por la rentabilidad que su financiación le brindó, con ella pudo comprar de contado, en mayor volumen, obtuvo descuentos y ahora está aplicado a un nuevo credikiva, para reinvertir el dinero recuperado de sus cuentas por cobrar y el capital de este crédito, respondiendo a su clientela que tiene necesidades de adquirir para incorporar una nueva línea. Ella está muy agradecida con Kiva y desea seguir contando con el apoyo de los financiadores del mundo para hacer crecer su negocio trabajando mucho.

Previous Loan Details

Libia has three children whose ages range from 13 to 29. She owns a business selling plastic bags in all sizes, an activity she started when her children were little. She became unemployed and she was separated so she had to find alternative ways to generate household income. Initially she w... More from Libia 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
  • 351
    View loans »
    Colombia Loans Fundraising
  • $15,637,125
    Funds lent in using Kiva
  • 1,809.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Libia Esther with plastic articles, like bags, straws, plates, forks, and plastic foam products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 26, 2013
Mar 19, 2013
Currency Exchange Loss:
Jun 17, 2014