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Fabiola Amalia
"Entrepreneur" is the best word to describe Fabiola. Despite her age, she took a course six years ago to learn how to make detergent. Since then, she has dedicated herself to this activity and with the business income, Fabiola is able to cover household expenses for the home she shares with her husband. Fabiola is 51 years old. Her parents did not have stable income when she was young and the family struggled with many difficult financial situations. That's why Fabiola is so motivated now to create financial stability for her family.

She has many loyal customers who consistently order from her, but unfortunately her customers often pay on credit and Fabiola struggles to maintain enough working capital to keep her business running. For this reason, Fabiola is requesting a working capital loan to finance her production. She would also like to buy a case to display her products from her home. This loan will allow her to improve her sales and earn more income. Fabiola hopes this will allow her to expand her business and sell detergent to stores in other neighborhoods in her municipality.
View original language description ↓
Emprendedora es la mejor palabra con la que se puede identificar a Fabiola, pues desde hace 6 años y sin importar su edad decidió tomar un curso de fabricación de detergentes, y desde entonces se ha dedicado a la elaboración de detergentes principalmente el límpido, y gracias a esto ha podido generar los ingresos con los que sostiene los gastos del hogar donde convive con su esposo. Fabiola, con 51 años de edad, no tuvo unos padres con una capacidad económica estable, y tuvo que pasar por muchas circunstancias adversas en su vida, es por esto que ahora quiere tener una estabilidad económica gracias al negocio que emprendió desde hace 6 años. Fabiola cuenta con unos clientes fijos en su sector que le hacen pedidos constantemente, pero presenta el problema de que sus clientes no siempre le pagan de contado y tiene que ver como su negocio frena su ritmo de producción por la falta de dinero. Es por esto que Fabiola aspira a que con un préstamo pueda comprar insumos necesarios para su producción como los son los envases y entre otros productos y también comprar una vitrina que le permita exhibir sus productos desde su vivienda, así generará mayores ventas y por ende mayores ingresos. Fabiola aspira que con el incremento en sus ventas pueda cumplir el sueño de expandir su negocio y vender a tiendas de otros barrios de su municipio.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $6,070
    Average annual income
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Fabiola Amalia to buy materials for making detergents and to buy a display case for her products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 19, 2012
Currency Exchange Loss:
Covered
Ended:
May 16, 2012