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Nancy
Nancy is a person who has faced many adversities in her life. Since her husband abandoned her and her children Nancy’s has needed to generate sufficient income to cover, at least, her basic household expenses. Nancy is 37 years old and a single mother head of household in charge of two children who are 7 and 14 years old and who she’s always wanted to provide the best possible wellbeing for.

Nancy used to work in the streets collecting recyclables to earn income for herself and her children but one day she decided to open a business of her own selling clothes and since then it’s been her source of income to support her and her two children’s expenses.

Nancy has noted how her clientele has been increasing due to the good products and service she offers. Due to her increased sales, Nancy has seen how the business has gradually sold out all the merchandise it had so she now needs to buy more merchandise to have a business that’s well-stocked for her customers. However, Nancy does not have sufficient capital to buy this merchandise due in large part that the new school term has begun and she’s had to pay tuition for her children’s schooling so she’s hoping for a loan that will allow her to buy clothing like blouses, stockings and sweatshirts, among others, to have her business well-stocked to be able to respond to customers’ purchases.

Nancy’s dream is that the business grows and consolidates in the sector so that she can have various sales points and generate employment for needier people. Nancy wants her two children to have access to a quality education and in future be able to attain well-paid jobs so that they can open their own businesses or continue with their mother’s.
View original language description ↓
Nancy es una persona que se ha visto enfrentada a muchas adversidades en su vida. Desde que su esposo la abandonó a ella y a sus hijos, Nancy se ha visto en la obligación de generar los ingresos suficientes para cubrir, al menos, vagamente las necesidades básicas de su hogar.
Nancy, con 37 años de edad, es una madre soltera cabeza de familia a cargo de 2 hijos de 7 y 14 años, a los cuales siempre les ha querido brindar el mejor bienestar posible.
Nancy anteriormente trabajaba en la calle haciendo el rebusque de los ingresos para sus hijos y ella, pero un día se dio la tarea de montar su propio negocio de venta de prendas de vestir, y desde entonces este ha sido su fuente de ingresos para poder sostener los gastos de sus 2 hijos y de ella.
Nancy ha visto como su clientela se ha incrementando debido a sus buenos productos y el buen servicio que ofrece. Debido al incremento en sus ventas, Nancy ha visto como su negocio poco a poco ha ido vendiendo toda la mercancía que tenía, es por esto que ahora requiere de la compra de más mercancía para poder tener su negocio bien surtido para la venta a sus clientes.
Sin embargo, Nancy no cuenta con el capital suficiente para comprar esta mercancía, gran parte debido a que inicia la temporada escolar y debe pagar las matrículas del estudio de sus hijos; es por esto que Nancy tiene la esperanza de que un préstamo le permita acceder a la compra de prendas de vestir como blusas, medias, sudaderas, entre otros para poder tener su negocio bien surtido, para poder afrontar las compras de sus clientes.
Nancy tiene el sueño de que su negocio crezca y se consolide en su sector, de modo que pueda tener diferentes puntos de venta y generar empleo para las personas más necesitadas.
Nancy quiere que sus 2 hijos puedan acceder a una educación de calidad y en un futuro poder acceder a un empleo que sea bien remunerado y puedan también montar su propia empresa o continuar con el negocio de su madre.

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

  • $11,100
    Average annual income
  • 490
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,824.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Nancy to buy clothes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012