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Lennis Jhoana
Lennis is a young hardworking woman who decided to start at an early age to generate her own income in order to pay for her studies and contribute to household expenses. She is 19 years old and started her own business 4 years ago: she sells clothes, mainly to classmates, family members, friends and neighbours. Thanks to this, Lennis has been paying for her studies and contributing to household expenses, so as to give her parents and siblings a better quality of life. Thanks to the good customer service she provides and to the quality of her products, she has many customers, and thus makes a nice profit every month. This is why Lennis asks for a loan that would enable her to buy more clothes so as to fulfil her customers' orders. This way, Lennis will be able to fulfil large orders for her customers and will not have to suffer from her lack of capital. Furthermore, her business will be able to grow and keep helping her to afford going to university.
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Lennis es una joven emprendedora que desde muy temprana edad decidió generar sus propios ingresos para sostener sus gastos de estudio y contribuir económicamente en su hogar. Lennis tiene 19 años de edad y desde hace aproximadamente 4 años montó un negocio de venta de prendas de vestir donde sus principales clientes son compañeros de estudio, familiares, amigos y vecinos. Gracias a esto, Lennis ha tenido la oportunidad de pagarse sus estudios y de contribuir en su hogar para que sus padres y hermanos tengan una mejor calidad de vida. Gracias a la buena atención que ofrece y a la buena calidad de sus productos, ha logrado captar una gran cantidad de clientes para su negocio, lo que le garantiza muy buenas ventas mensuales; y es por esto que Lennis busca que un préstamo le brinde la oportunidad de comprar prendas de vestir para responder a los pedidos que le han hecho sus clientes.

De esta manera, Lennis tendrá la oportunidad de responder a los grandes pedidos que le han hecho sus clientes y no verse afectada por la falta de capital en su negocio. Además, así podrá ir creciendo cada vez más y seguir cumpliendo su sueño de pagarse sus estudios universitarios.

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
  • 467
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,773.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Lennis Jhoana to buy clothes so as to fulfil her customers' orders.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2012