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Sandy Catalina
Sandy is a young entrepreneur who decided to establish her own business after leaving a low-paying job. She is 22 years old and has a business of renting out video games. Sandy offers her customers a great service. Attracting good customers has guaranteed her the chance of generating good sales. Despite having little capital in the beginning, her business grew within months and the results are reflected in the large number of customers she has attracted to date. Her ability to gain so many customers over a short period of time is due to the great demand for this service. Sandy seeks this opportunity to obtain a loan so that she can purchase a video game console and a television. This will increase her capacity so that she can serve all of her customers.


As a result of this loan, Sandy will be able to serve her entire market and her monthly sales will increase considerably. In addition, she will gradually fulfill her dream of having a successful business to ensure her economic future. This will allow her to provide her parents with a good quality of life and more economic opportunities.

View original language description ↓
Sandy es una joven emprendedora que decidió montar su propio negocio al dejar su empleo por ser muy mal remunerado. Sandy, con 22 años de edad, montó su negocio de alquiler de videojuegos, donde ofrece a sus clientes un gran servicio, lo cual ha permitido que tenga grandes clientes que le garantizan muy buenas ventas. Su negocio, a pesar de que fue montado con muy bajo capital, ha logrado crecer ha medida que pasan los meses y esto se ha visto reflejado en la gran cantidad de clientes que ha captado hasta la fecha. Debido a que su capacidad de atención a sus clientes se ha quedado un poco corta ante la gran demanda de sus clientes por el servicio, Sandy busca que un préstamo le brinde la oportunidad de acceder a la compra de una consola de videojuego y un televisor para poder aumentar su capacidad y poder atender a todos sus clientes.

De esta manera, Sandy podrá atender todo el mercado y así sus ventas mensuales aumentarán considerablemente. Además, poco a poco irá cumpliendo su sueño de tener un gran negocio con el cual pueda asegurar un futuro económico y con el cual pueda ofrecer a sus padres una buena 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
  • 213
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Sandy Catalina to buy a video game console and a television.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013