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Niza Esther

Update on Niza Esther

With her previous Kiva loan Niza did many things, which gave her different opportunities to earn income. She took advantage of the opportunity to buy 3 washing machines, which benefited her washing machine rental service. With the income generated from her washing machine business, she was also able to stock her business. Her family's finances improved, and now she has a credit history and knowledge of new clients. Currently she is applying for yet another loan, which she will use to buy shoes, clothing, and sporting goods. She sends her gratitude to the Kiva lenders for all they do to help businesspeople.
View original language description ↓
Niza con su anterior credikiva hizo muchas cosas, se le presentó la oportunidad de genera otros ingresos mediante un nuevo servicio y aprovechó el recurso de Kiva para comprar 3 lavadoras, que beneficiaron el servicio de arrendamiento de ellas, con las utilidades producidas por el servicio de arrendamiento de estas máquinas, compró mercancías con las que surtió su negocio; la economía de su hogar mejoró y ahora tiene vida crediticia y conocimiento de nuevos clientes. En la actualidad está aplicando aun nuevo financiamiento mediante el cual comprará calzado, ropa y artículos deportivos. Ella envía su gratitud a los financiadores de Kiva por todo lo que realizan en ayuda para los empresarios.

Previous Loan Details

Niza learned how to be a merchant over 20 years ago when she would accompany her mother who was also in this kind of business even though she never thought she’d support herself by it. She decided to call on it when her spouse lost his job and they needed to generate income to cover household ... More from Niza 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
  • 463
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,813.6
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,175 helped Niza Esther to buy shoes, clothing, and sporting goods.
99% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Mar 12, 2013
Mar 25, 2013
Currency Exchange Loss:
Jul 17, 2014