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Diocelina
Diocelina is a person characterized by her charisma and her desire to provide to others the opportunity for living better. Diocelina is married and the mother of three children, to whom she wishes always to provide the best possible quality of life. Thus she decided to go into business for herself, since the income generated by her husband is very low for the purposes of living in an appropriate manner.

Diocelina earns a living selling personal use products such as clothing, accessories, and lotions among other items, through catalogs. She has over two years of experience in the business which has allowed her to develop a very good customer base, and her sales are very good. Diocelina currently has some large orders from her customers which she has not been able to fulfill for lack of sufficient capital to make the purchases from her supplier. Thus she is hoping that a loan will allow her the opportunity to carry out the purchase of merchandise of personal use products such as clothing, accessories, lotions, and hand creams among other items, and thus be able to service her customers' orders.

Diocelina dreams that her business would generate very good sales so she would able to give her three children and husband a better lifestyle, in which her children may have access to a quality education, and she and her husband would not have to suffer so many financial difficulties.
View original language description ↓
Diocelina es una persona que es caracterizada por su carisma y sus ganas de brindarles una oportunidad de vivir mejor a las demás personas. Diocelina se encuentra casada y es madre de 3 hijos, y a ellos les quiere brindar siempre la mejor calidad de vida posible. Es por esto que decidió iniciar a trabajar de cuenta propia, puesto que los ingresos que genera su esposo son muy bajos para poder vivir de manera adecuada.

Diocelina se dedica a la venta de productos de uso personal como ropa, accesorios, lociones, entre otros, a través de catálogos y tiene en el negocio más de 2 años de experiencia que le han servido para conseguir muy buena clientela y muy buenas ventas. Diocelina actualmente tiene grandes pedidos de sus clientes que no ha podido satisfacer por la falta del capital suficiente para realizar las compras a su proveedor, es por esto que tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de mercancía de productos de uso personal como son ropa, accesorios, lociones, cremas de manos, entre otros, y poder así atender los pedidos de los clientes.

Diocelina sueña con que su negocio le genere muy buenas ventas y pueda así brindarles a sus 3 hijos y su esposo unas mejores condiciones de vida, donde sus hijos puedan acceder a una educación de calidad y su esposo y ella no tengan que sufrir tantas dificultades económicas.

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
  • 571
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Diocelina to buy personal product merchandise such as clothing, accessories, lotions, and hand cream among other items.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 24, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013