Update on EstherPreviously Esther bought living and dining room furniture, paintings and artisanal work from the municipality of Sanpues. The people of this area are experts in the creation of these types of products and her customers are very happy with them. Esther gained a greater profit from this investment so she re-invested in something new. At the moment she is focussing more on buying and selling furniture and dressing room items.
Esther is grateful to all of the lenders and asks that they continue this initiative to improve the quality of life of the entrepreneurs. She is applying for a loan from Fundación Mario Santo Domingo which she will use to buy more bedroom sets and dining tables to sell to her customers. Esther hopes they will be satisfied with these products so that her Kiva investment will be successful.
Previous Loan DetailsEsther is a widow, and she has 4 adult children. She has been working as a merchant for 7 years. She started her business selling a variety of merchandise so that she could get ahead through her own efforts. She sells products such as clothing and undergarments, cosmetics, and perfumes. She s... More from Esther's previous loan »
About Fundación Mario Santo DomingoFundación 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.
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Success!! The loan was 100% repaid