Check out some available loans that are similar to this one!
Dora Tarcila
Dora has been a hardworking woman her whole life. Thanks to that, she has been able to get ahead with her husband and their 2 children. Dora has always wanted her 2 children to have everything they need, so she works hard at her job every day.

Dora has worked at different activities to generate income for her home. Before, she sold cell phones and did cell phone repairs, but the business didn't let her have enough income. That is why she opened a pharmacy that allows her to access more income. Because she and one of her children knew the business, the pharmacy has been growing and getting more stable in the area. Thanks to her good service and the good quality of the products she offers, Dora has been able to attract customers and make her business well known.

At present, Dora has very good sales, but at times she has to turn down orders from customers because she doesn't have the products they are asking for. That is why Dora wants to buy pharmaceutical products for her business so that she can respond to all of her customers' needs. Nonetheless, Dora doesn't have enough capital to purchase the merchandise. She hopes that the loan will allow her to access the purchase of pharmaceutical products and thus stock her business so that her customers can find everything they need in her business.

Dora hopes to increase her sales significantly in this way and offer a better quality of life to her children and her husband. She also wants to offer her children a university education that will allow them to find well paid jobs in the future.
View original language description ↓
Dora ha sido una persona muy trabajadora durante toda su vida, y gracias a esto ha podido sacar adelante, junto con su esposo a sus 2 hijos. Dora siempre ha querido que sus 2 hijos puedan tener todo lo necesario, por lo que se esfuerza arduamente en su trabajo todos los días.
Dora ha trabajado en diferentes actividades con tal de generar los ingresos para su hogar. Anteriormente realizaba la venta de celulares y la reparación de los mismos, sin embargo el negocio no le daba suficientes ingresos. Es por esto que pasó a montar una farmacia que le permitiera acceder a mayores ingresos, y gracias a que ella y un hijo suyo conocían la actividad, la farmacia ha ido creciendo cada vez más y se ha ido consolidando en el sector. Gracias a su buena atención, y a la buena calidad de productos que ofrece, Dora ha podido atraer una gran clientela y hacer que su negocio sea reconocido.
Actualmente Dora tiene muy buenas ventas, pero a menudo debe renunciar a algunos pedidos de sus clientes por no tener los productos que solicitan; es por esto que Dora quiere comprar productos farmacéuticos para su negocio, de modo que pueda responder a todos los requerimientos de sus clientes, sin embargo, Dora no cuenta con el capital suficiente para acceder a la compra de esta mercancía, por lo que tiene la esperanza puesta en que un préstamo le permitirá acceder a la compra de productos farmacéuticos y surtir así su negocio para que sus clientes puedan encontrar todas sus necesidades satisfechas en su negocio.
Dora aspira a que de esta manera sus ventas aumenten considerablemente, y de este modo pueda brindarles una mejor calidad de vida a sus hijos y su esposo. Además de permitirle a sus hijos acceder a una educación universitaria que les permita en un futuro conseguir un empleo que sea bien remunerado.

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
  • 446
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,824.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Dora Tarcila to buy a variety of pharmaceuticals so that her customers can find what they need in her pharmacy.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 20, 2012
Listed
Feb 2, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013