Check out some available loans that are similar to this one!
Daneira Del Socorro
Daneira has worked in the sale of goods since about 12 years ago, when she began her work in search of generating greater income for her home with which she could provide her son a better quality of life. Daneira is a single mother, head of the family with 1 child, whose father abandoned him some time ago without offering any economic contribution for his upbringing. This has made Daneira have a great responsibility in her home in over to get her child ahead. Daneira offers mainly personal care products to her clients and she complements them with some kitchen and decorating items. The main difficulty that Daneira faces is that she does not have a fixed location where she can offer her merchandise, so she has to offer her products in the street and people can't locate her as easily. With the aim to buy a stand and better stock her business, Daneira is looking for a loan that will offer her the opportunity to buy a stand and buy personal care products to supply her business.

Daneira hopes that in this way her monthly income will increase considerably, given that her clients will be able to locate her more easily. Additionally, Daneira hopes that the stand, which will be located in her home, will be the beginning in order to provide a location in her home where she can offer better service to her clients. Daneira dreams of having her business located in its own location, from which she can generate employment for people who need it most, and from which she can offer her son a better quality of life and better economic opportunities.
View original language description ↓
Daneira se dedica a la venta de mercancía desde hace aproximadamente 12 años, cuando inició la labor en busca de generar mayores ingresos para su hogar con los cuales pueda ofrecer a su hijo una mejor calidad de vida. Daneira es una madre soltera cabeza de familia de 1 hijo a quien su padre abandonó hace un tiempo sin ofrecer alguna contribución económica para su sostenimiento, lo que ha hecho que Daneira tenga una gran responsabilidad en su hogar para poder sacar su hijo adelante. Daneira ofrece principalmente productos de uso personal a sus clientes y lo complementa con algunos artículos de cocina y decoración. Gracias a la buena calidad de los productos que ofrece Daneira, su negocio ha sido muy bien conocido por parte de los habitantes de su sector. La principal dificultad que presenta Daneira es que no tiene un lugar fijo donde pueda ofrecer su mercancía, lo que hace que tenga que ofrecer sus productos en la calle y la gente no la pueda ubicar tan fácilmente. Con el ánimo de comprar una estantería y surtir mejor su negocio, Daneira busca un préstamo que le brinde la oportunidad de acceder a la compra de una estantería y comprar productos de uso personal para surtir su negocio.
Daneira espera que de esta manera sus ingresos mensuales aumenten considerablemente, puesto que sus clientes la podrán ubicar más fácilmente. Además, Daneira espera que la estantería que será ubicada en su hogar, sea el comienzo para adecuar un local en su vivienda donde pueda ofrecer una mejor atención a sus clientes. Daneira sueña con tener su negocio ubicado en un local propio y desde donde pueda generar empleo para las personas más necesitadas y con el cual le pueda ofrecer a su hijo una mejor calidad de vida y mayores oportunidades 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

  • $6,070
    Average annual income
  • 181
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Daneira Del Socorro to buy a stand and buy personal care products to stock her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013