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Denise Esther

Update on Denise Esther

Denise had a previous Kiva loan and succeeded in managing a larger cash flow. She increased her working capital and got better sales which translated into more profits. Because of this, Denise says to the lenders, "Many thanks, do keep supporting me because I will not disappoint you."

Denise is now applying for a new Kiva loan to buy products for the home, lingerie, She will pay cash and buy in larger quantities. She will bring the products from two nearby areas, taking advantage of having faithful customers who order these products and many more.
View original language description ↓
Denise desde que fue apoyada con un crédito de Kiva, logró manejar una mayor liquidez aumentó su capital de trabajo, obtuvo mayores ventas que se tradujeron en más utilidades finales. Por eso dice a sus financiadores: “ Muchas gracias sigan apoyándome que nos los defraudaré” En la actualidad está aplicando aun credikiva nuevamente para comprar productos para el hogar, lencería, ropa y todo en un mayor volumen y de contado, lo cual traerá de dos regiones vecinas, aprovechando que tiene clientela fija que encarga estos productos y muchos referidos.

Previous Loan Details

Denise is 33 years old and lives in the south-west of the city, with her husband and their 2 children aged 12 and 13; for 8 years she has made a living by selling various articles such as women's and men's clothing, electrical appliances and products for the home. In 2005 she decided to follow he... More from Denise 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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $17,939,850
    Funds lent in using Kiva
  • 1,887.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,600 helped Denise Esther go buy products for the home, lingerie and clothing to sell.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 6, 2014
Aug 17, 2014
Currency Exchange Loss:
Sep 16, 2014
This photo was used before for a previous loan for Denise Esther. It was first posted on Kiva on Sep, 2013. Learn More