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Ninfa Del Rocio
Nifa is characterized by her great creativity, and thanks to this, she has been able to forge ahead with her business and offer excellent products. Ninfa has made clothes and costume jewelry for about 11 years. It has allowed her to contribute an income to cover the household expenses, which consists of her husband and three children. Ninfa is known for her good customer service. She has been able to gain a large number of customers, who make a lot requests from her business. With the goal of increasing her sales, Ninfa is making a new product for her business, which has been well received by her customers.

So far she has many requests from her customers, but she has not been able to fill some of them because of a lack of working materials. In order to fill the many orders from her customers, Ninfa wants to take out a loan to purchase raw materials for making clothes and costume jewelry. Ninfa hopes that sales through her business will continue increasing and continue allowing her family to enjoy a good quality of life. Ninfa also hopes that if her income increases, she can offer her children a good education, and in the future, send them to college. Ninfa’s dream is to have a large business which can create jobs for those most in need. She also aims to use her business to give her children economic stability and opportunities for advancement.
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Ninfa es una persona que se ha caracterizado por tener una gran creatividad, y gracias a esto ha podido sacar su negocio adelante ofreciendo muy buenos productos. Ninfa se dedica desde hace aproximadamente 11 años a la actividad de la confección y elaboración de bisuterías, y gracias a esto contribuye con los ingresos para sostener los gastos en su hogar, donde convive con su esposo y sus 3 hijos. Ninfa es reconocida por ofrecer un muy buen servicio y gracias a esto ha podido tener una gran cantidad de clientes, los cuales le hacen grandes pedidos de su negocio. Con el ánimo de seguir aumentando sus ventas, Ninfa ahora está fabricando un nuevo producto de su negocio, y este ha tenido muy buena acogida por parte de sus clientes, pues hasta el momento tiene grandes pedidos de sus clientes que algunos no ha podido satisfacer por la falta de materiales de trabajo. Con el ánimo de fabricar los grandes pedidos que le han hecho sus clientes, Ninfa aspira a que un préstamo le brinde la oportunidad de acceder a la compra de materia prima para la fabricación de sus productos de confección y bisutería y responder así a los grandes pedidos que le han hecho sus clientes.

Ninfa espera que su negocio siga aumentando sus ventas y pueda seguir generando una buena calidad de vida en su familia. Además, Ninfa espera que si sus ingresos aumentan pueda ofrecerle a sus hijos una mejor educación y en un futuro el acceso a una educación universitaria. Ninfa sueña con tener un gran negocio el cual pueda generar mucho empleo para las personas más necesitadas y en el cual sus hijos puedan obtener una estabilidad económica y grandes oportunidades para progresar.

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
  • 498
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ninfa Del Rocio purchase raw materials for tailoring and costume jewelry making so that she can fill the many requests from her customers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012