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Damaris Aide
Damaris has been characterized as being hard working and forceful in order to get her son ahead. At 39 years old, she is a single mother, head of her family with a 6 year old son, who she is looking to provide with everything he needs. Damaris has worked for approximately 9 years selling personal care products, thanks to her grandmother who taught her well. Damaris currently has very good clients, and thanks to this she can affort the expenses of her home and can offer her son an education and stable life.

Damaris has increased her sales thanks to the quality of her products, to the extent that she has had to pass up sales from some orders as a result of not having the capacity to respond to the request. Damaris has very low capital to buy the orders, which she would like to be able to sell in large quantities. Given that she currently has a large order from a client that she does not want to pass up, Damaris hopes that this loan will provide her the opportunity to make the purchase of personal care products such as lotions, makeup, and creams among others, and she can thereby complete her client's order and generate more income for her home.

Damaris dreams of not having to sell in small quantities, rather she would like to get access to more capital that would allow her to have a larger distributor and hire many people who require income. Additionally, Damaris dreams that her son can get ahead, have a good education, and in the future have access to a university education
View original language description ↓
Damaris se ha caracterizado por ser trabajadora y pujante para sacar a su hijo adelante. Con 39 años de edad, es una madre soltera cabeza de familia de un hijo de 6 años, al cual busca brindarle todo lo que necesita. Damaris se dedica desde hace aproximadamente 9 años a la venta de productos de uso personal, gracias a que su abuela le enseño muy bien. Damaris cuenta actualmente con muy buenos clientes, y gracias a esto puede sostener los gastos de su hogar y brindarle a su hijo una educación y una vida estable.

Damaris ha incrementado sus ventas gracias a la calidad de sus productos, a tal punto en el que ha tenido que renunciar a la venta de algunos pedidos debido a que no tiene la capacidad para responder el pedido. Damaris cuenta con muy bajo capital para comprar los pedidos por lo que debe dejar de vender a grandes cantidades. Debido a que actualmente tiene un gran pedido de un cliente que no quiere pasar por alto, Damaris tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de productos de uso personal como son lociones, maquillaje, cremas, entre otros, y poder así cumplir con el pedido a su cliente y seguir generando más ingresos para su hogar.

Damaris sueña con no tener que vender por pocas cantidades, sino hacerse a un gran capital que le permita tener una gran distribuidora, y contratar a muchas personas que requieran de unos ingresos. Además, Damaris sueña con que su hijo pueda salir adelante, tenga una buena educación y en un futuro pueda tener acceso a una educación universitaria.

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
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,810.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Damaris Aide to buy personal care products such as lotions, makeup, and creams among others.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013