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Blanca Nelly
Blanca has always been described as having charisma. She is someone who, with great effort, has overcome great obstacles in her life. Blanca has 6 children and is a single mother, due to the fact that her husband passed away a while ago, leaving her to care for their children. As a result, she needed a way to make income which would allow her to care for her children and at the same time run a business. It was for these reasons that she opened a store where she offers different types of liquors, snacks and treats to her customers. From this business she is able to generate the necessary income to sustain her family. Thanks to the good service she offers through her business, she has built a good customer base, which allows her to have high number of sales. With the motivation to increase the variety of products she has to offer to her customers, Blanca is seeking a loan that will provide her with the possibility to purchase liquor, snacks and treats to offer to her customers a better variety of products.

Blanca hopes that in this way her business will continue to grow, and that her income will increase so that she will be able to offer her children a better quality of life. Blanca's dream is to have a big business that generates a large income for her household, allowing her to improve the quality of life for her 6 children. Up to this point she has had many difficulties in her life.
View original language description ↓
Un gran carisma es lo que siempre ha identificado a Blanca, quien con mucho esfuerzo ha tenido que superar grandes adversidades que le ha presentado la vida. Blanca tiene 6 hijos y es madre soltera debido a que su esposo murió hace un tiempo y la dejó encargada del cuidado de sus hijos, por lo que se vio en la obligación de crear una fuente de ingresos que le permitiera estar al cuidado de sus hijos al mismo tiempo que a la atención de su negocio. Fue así como montó una tienda donde ofrece toda clase de licores, snack y dulces para sus clientes, y de esta manera genera los ingresos necesarios para el sostenimiento de su hogar. Gracias a la buena atención que ofrece en su negocio, Blanca ha podido captar un gran número de clientes y esto le ha permitido tener muy buenos niveles de ventas. Con el ánimo de aumentar la variedad de productos que ofrece a sus clientes, Blanca busca que un préstamo le brinde la posibilidad de acceder a la compra de licores, snack y dulces para ofrecer a sus clientes una mayor variedad de productos.

Blanca espera que de esta manera su negocio siga creciendo y sus ingresos aumenten para poder ofrecer a sus hijos una mejor calidad de vida. Blanca sueña con tener un gran negocio que le genere grandes ingresos para su hogar y poder mejorarles la calidad de vida a sus 6 hijos que hasta la fecha han tenido que pasar por muchas dificultades en su vida.

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
  • 548
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Blanca Nelly to buy liqour, snacks and sweets to offer her customers a better variety of products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 4, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013