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Claudia Milena
Claudia Milena has always had a talent for making accessories, a talent that she's turned to earning an extra income for her family. She started making accessories years before starting her business, using whatever was at hand, and later, when she was looking for a way to contribute to the family income, selling what she made to her customers. Claudia Milena is married and has 2 children, children she works hard to provide for.

Claudia Milena needs supplies to fill an order that she's received from one of her customers. However, she doesn't have enough money to buy the supplies--stones, glue, etc.--she needs so she's applying for this loan.

Claudia Milena hopes that her sales will continue to increase so that she can earn more to help her family. She wants her children to have a better quality of life and get the best possible education.
View original language description ↓
Claudia Milena siempre ha tenido un gran talento para realizar accesorios a mano, y con esto ha podido generar ingresos para su hogar. Desde hace un tiempo aprendió a realizar accesorios con diferentes materiales, y desde entonces, con el ánimo de colaborar con los ingresos para su hogar, ha venido elaborando accesorios en su tiempo libre y vendiéndolo a sus clientes. Claudia Milena se encuentra casada y es madre de 2 hijos, a los que siempre busca brindarles una mejor calidad de vida.

Claudia Milena tiene actualmente un pedido por parte de uno de sus clientes, por lo que debe comprar materia prima para elaborar los accesorios. Sin embargo, Claudia Milena no cuenta con el capital suficiente para realizar la compra de todas las materias primas que requiere, por lo que aspira a que un préstamo le brinde la posibilidad de acceder a la compra de materias primas como piedras, pegante, entre otros para elaborar pedido de un cliente.

Claudia Milena espera que sus ventas sigan incrementándose de modo que pueda generar mayores ingresos para su hogar. Claudia Milena sueña con que sus hijos puedan tener una mejor calidad de vida y puedan acceder a una educación de calidad.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Claudia Milena to buy supplies for her crafts business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 3, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012