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Delcira Del Socorro
Delcira is a person who has always wanted to help support her household. Delcira lives at home with her husband and four children who are Delcira’s inspiration to work every day. Because her husband’s income is very low, Delcira started to work to help contribute toward household expenses and to improve her husband’s and her four children’s quality of life. Because of this, Delcira started selling merchandise via catalogue to her friends and family and she also set up a small beauty salon to earn additional income.

Because the new school term in her region is about to start, Delcira has pending customer orders for sweatshirts but she does not have enough money to place the order with her supplier. Because of this, Delcira hopes for a loan that will make it possible for her to buy the sweatshirts to fill customer orders and continue earning income for her home’s support.

Delcira has a great dream which is that her children can have a good education and a good quality of life. She’s also always dreamt with buying a house of her own where her children can grow up in peace and to be able to access better benefits.
View original language description ↓
Delcira es una persona que siempre ha querido ayudar en el sostenimiento del hogar. Delcira convive en su hogar con su esposo y sus 4 hijos, y ellos son la inspiración para que Delcira se esfuerce en su trabajo todos los días. Debido a que los ingresos que recibe su esposo por el trabajo son muy bajos, Delcira decidió empezar a trabajar para poder ayudar a contribuir con los gastos de su hogar, para poder mejorar la calidad de vida de sus 4 hijos y su esposo.
Es por esto que Delcira inició la actividad de vender mercancía por catálogo a sus amigos y familiares, y adicionalmente a esto decidió montar un pequeño salón de belleza que le permita generar ingresos adicionales.
Debido a que en pocos días inicia la temporada escolar en su región, Delcira tiene pedidos de sus clientes para comprar sudaderas, sin embargo, no tiene el dinero suficiente para poder hacerle el pedido a su proveedor.
Es por esto que Delcira espera que un préstamo le permita acceder a la compra de sudaderas para satisfacer los pedidos de sus clientes, y poder seguir obteniendo ingresos para el sostenimiento de su hogar.
Delcira tiene un gran sueño y es el de que sus hijos puedan tener una buena educación y una buena calidad de vida. Además, siempre se ha soñado con poder comprar su casa propia, donde sus hijos puedan crecer tranquilamente y poder acceder a mejores beneficios.

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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,822.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Delcira Del Socorro to buy sweatshirts.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 19, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012