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Faysuli
Enterprising is the best word to describe Faysuli, a young 20-year-old who has always wanted to generate her own income and pay her share of household expenses. From a very early age, Faysuli began to demonstrate that she was a person full of ideas, who wanted to form a company and generate some income for her home. At present, Faysuli is producing and selling 'bolis' (frozen pops), an activity she began on her own and learned, thanks to working in an enterprise that did this. Her work was very poorly remunerated and she decided to start her own business.

At present, Faysuli's business enjoys good sales, thanks to the fact that her products are of very good quality and her service is always the best. Nevertheless, Faysuli faces inconvenience when producing her products because the work is done manually and her equipment is not the best. The result is that she can not fill large orders, nor can she automate the process. For this reason, Faysuli needs to buy a sealant machine that will permit her, after filling the tubes, to seal the frozen 'bolis', and also, a cooler to allow her products to be kept under the required conditions. Unfortunately, currently, Faysuli lacks sufficient capital to purchase this equipment, and for that reason, she is requesting a loan to make it possible to buy a sealant machine and a cooler, so she can produce products of even greater quality.

Faysuli hopes that by improving the quality of her products, sales will grow and thus, she will achieve her dream: to have a large factory someday, generating jobs for people in need.
View original language description ↓
Emprendedora es la mejor palabra con la que se puede reconocer a Faysuli, una joven de 20 años que siempre ha querido generar sus propios ingresos y colaborar con los gastos de su hogar. Faysuli desde muy temprana edad empezó a mostrar que era una persona llena de ideas que quería formar una empresa y generar unos ingresos para su hogar. Actualmente, Faysuli se dedica a la producción y venta de bolis (congelada), actividad que emprendió ella sola y que aprendió gracias a que trabajaba en una empresa que se dedicaba a esta actividad, pero su trabajo era muy mal remunerado por lo que decidió empezar con su propio negocio.
Faysuli actualmente tiene muy buenas ventas en su negocio gracias a que sus productos son de muy buena calidad y su servicio siempre es el mejor. Sin embargo, Faysuli presenta un inconveniente a la hora de producir sus productos, pues toda la producción la hace manual y sus herramientas no son las mejores, lo que hace que no pueda atender pedidos muy grandes ni tampoco pueda automatizar los procesos. Es por esto que Faysuli requiere de la compra de una máquina selladora que le permita sellar los bolis (congelados) luego de haber sido envasado su contenido, y también de un enfriador que le permita contener sus productos bajo las condiciones que se requieren, sin embargo, Faysuli actualmente no cuenta con el capital suficiente para la compra de estos productos, por lo que aspira a que un préstamo le brinde la posibilidad de acceder a la compra de la máquina selladora y el enfriador, de modo que pueda seguir produciendo sus productos con una mayor calidad.
Faysuli espera que sus productos al salir con una mejor calidad estos aumenten sus ventas, y así podrá cumplir su sueño de tener una gran fábrica y poder generar empleo para las personas más necesitadas.

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
  • 172
    View loans »
    Colombia Loans Fundraising
  • $13,225,875
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Faysuli to buy a sealant machine and a cooler for the production of the "bolis" (frozen pops) she makes and sells.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2012