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Paula Andrea
Paula is noted for having very good sales skills and she is always looking to grow her business. For approximately six years, she has been making leather goods such as billfolds, bags, purses, etc. Thanks to this work, she makes the income she needs for her household. As she produces good-quality products and offers good customer service, Paula has been able to attract very good customers and made very good sales. Some of her customers have already allowed her to export her products to other countries and this has made her very good income. Paula would like to take part in a craft fair where she will be able to exhibit her products to a large number of people. She hopes to receive a loan that will allow her to buy raw materials such as leather, paints, etc. so that she can make a large quantity of products to exhibit in this craft fair.

Paula hopes that if she displays a large number of products, she will be able to attract a good number of customers and so continue increasing her income and growing her business. She also hopes to create jobs for people who need them and continue improving the quality of life of other people who need to make income.
View original language description ↓
Paula es una persona que se ha caracterizado por tener muy buenas habilidades comerciales y siempre buscar que su negocio este creciendo. Paula se dedica desde hace aproximadamente 6 años a la elaboración de artículos en cuero como son billeteras, bolsos, carteras entre otros, y gracias a esto genera los ingresos necesarios para su hogar. Paula, gracias a la buena calidad de sus productos y a la buena atención que ofrece, ha podido captar muy buenos clientes, lo que le ha hecho generar muy buenas ventas. Algunos de sus clientes ya le han permitido que exporte sus productos a otros países y gracias a esto ha tenido muy buenos ingresos. Paula, con el ánimo de participar en una feria donde puede exhibir sus productos a un gran público, aspira a que un préstamo le brinde la posibilidad de acceder a la compra de materias primas como cuero, pinturas, entre otros, para elaborar una buena cantidad de productos para exhibir en una feria que participará.

Paula espera que en esta feria, si muestra buena cantidad de productos, pueda captar un buen número de clientes y de esta manera pueda seguir aumentando sus ingresos y seguir creciendo con su negocio. Además, Paula espera generar más empleo para las personas más necesitadas y seguir mejorándole la calidad de vida a otras personas que requieren de unos ingresos.

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
  • 537
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Paula Andrea to buy raw materials such as leather, paints, etc. to make a good quantity of products to exhibit at a craft fair.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012