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Eucaris
Eucaris has been working for the last six years, since the sole income of her husband was not enough to cover the household bills, where they live with their three children. Because of this, Eucaris started selling catalogue products, such as clothes and personal use products.

Eucaris dreams that her three children receive the best education possible. However, the low income to the household has not allowed this and for this reason Eucaris makes more and more of an effort to provide her three children with all that they need.

Eucaris' business has seen a great increase in its sales due to the quality of her products and her good selling techniques, which makes a difference to her customers. So Eucaris has large orders to cover; to the point that she does not have enough capital to buy these products. For this reason Eucaris hopes that a loan will allow her to buy this stock and complete her customers' already made orders. Eucaris hopes that with the increase in income, her children, her husband and her will considerably improve their quality of life and that they can fulfil all their dreams.
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Eucaris viene trabajando desde hace 6 años debido a que los ingresos que generaba su esposo no eran suficientes para sostener los gastos del hogar, donde conviven con sus 3 hijos, por lo que Eucaris entonces inició con la actividad de la venta de productos por catálogo como ropa y productos de uso personal. Eucaris tiene el gran sueño de que sus 3 hijos puedan acceder a la mejor educación posible, sin embargo, los bajos ingresos de su hogar no se lo han permitido, y es por esta razón que Eucaris se esfuerza cada vez más con el objetivo de brindarles a sus 3 hijos todo lo que necesitan. El negocio de Eucaris ha venido presentando grandes incrementos en las ventas, pues la calidad de sus productos y las buenas técnicas para vender Eucaris marcan la diferencia entre sus clientes, es por esto que Eucaris tiene grandes pedidos que satisfacer, a tal punto que no tiene el capital completo para la compra de dichos pedidos; es por esto que Eucaris espera que un préstamo le permita acceder a la compra de esta mercancía y así poder cumplir a sus clientes con los pedidos hechos. Eucaris espera que con el incremento de sus ingresos, sus hijos, su esposo y ella aumenten considerablemente su calidad de vida, y puedan cumplir todos sus sueños.

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
  • 175
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    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 Eucaris to buy personal use products such as clothes, lotions and other items.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 12, 2012
Listed
Jan 20, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013