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Blanca Elida
Blanca is a very hardworking person who has striven mightily her entire life to move her family forward. She’s married and has four children. She’s always looked for ways to offer her family a better quality of life. Because of this, noting that the income her husband generated was insufficient to cover all household expenses, she decided to start her own business to generate additional family income.

Thanks to a girlfriend who taught her the business she’s been selling personal use products for the last three years and has managed to capture a large number of customers which has meant very good sales. Thanks to her good products she gets good orders and now she’s looking for a way to offer her products at home and to be able to display them properly. Because of this, Blanca is looking for a loan to buy a display case and personal use products to stock it and to be able to sell her products from home and to display them well.

In this way she will be able to make her business more attractive to her customers because she will be more visible in the sector to people who are still unaware of her business generating higher income and thus offering her husband and her four children a better quality of life.
View original language description ↓
Blanca es una persona muy trabajadora que ha luchado fuertemente en su vida con el ánimo de sacar su familia adelante. Casada y con 4 hijos, siempre ha buscado una manera de poder ofrecer a su familia una mejor calidad de vida, es por esto que al ver que los ingresos que generaba su esposo no eran suficientes para el sostenimiento de los gastos de su hogar, decidió montar su propio negocio con el ánimo de generar ingresos adicionales para su familia. Gracias a que una amiga le enseñó la actividad, hace 3 años viene ofreciendo a sus clientes productos de uso personal, y con este negocio ha logrado captar una gran cantidad de clientes y así mismo unas muy buenas ventas. Gracias sus buenos productos ha logrado tener muy buenos pedidos, y ahora busca poder ofrecer sus productos desde su casa y poderlos exhibir de una buena manera, es por esto que Blanca busca que un préstamo le brinde la posibilidad de acceder a la compra de una vitrina, productos de uso personal para poderla surtir y así ofrecer sus productos desde su casa y con una buena exhibición.

De esta manera podrá hacer más atractivo su negocio para los clientes, pues podrá estar más visible para las personas del sector que aún no conocen su negocio, generando mayores ingresos y por ende ofreciendo a su esposo y sus 4 hijos una mejor calidad de 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

  • $11,100
    Average annual income
  • 507
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,766.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,150 helped Blanca Elida to buy a display case and personal use products.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Covered
Expired:
Jun 1, 2012