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Luisa Fernanda
Luisa is an enterprising youth of 21 years, who from an early age decided to learn how to sell merchandise at her mother's side. Thanks to this, she decided to start up her own business selling clothing so that she could generate her own income, make a financial contribution to the household, and make economic progress in her life. She has always been known for being very hardworking, and this has allowed her to overcome some great adversities that have come up in her business. Thanks to all of these experiences, she is now known for offering her customers very good service in her business. Because mother's day is approaching, Luisa is looking for a loan that will allow her to buy more garments so that she will be prepared with a good variety of products for the mother's day season. In this way, she will be able to get ahead with her business, and will have more income for herself and for her household. In addition, Luisa wants to continue to grow her business each day so that she can accomplish her dream of having a big business from which she can generate jobs, provide her family with a better quality of life, and have a better opportunity to make economic progress.
View original language description ↓
Luisa es una joven emprendedora de 21 años de edad que desde muy temprana edad decidió aprender al lado de su madre la actividad de la venta de mercancía, y gracias a esto decidió montar su propio negocio de venta de prendas de vestir para generar sus propios ingresos, contribuir económicamente en su hogar y progresar económicamente en su vida. Siempre se ha caracterizado por ser muy trabajadora, y esto le ha permitido superar grandes adversidades que se le han presentado en su negocio, y gracias a todas las experiencias adquiridas hoy es reconocida por ofrecer a sus clientes una muy buena atención en su negocio. Debido a que se acerca la temporada del día de las madres, Luisa busca que un préstamo le brinde la oportunidad de acceder a la compra de prendas de vestir para poder estar preparada con una buena variedad de productos para la temporada del día de las madres.
De esta manera podrá sacar adelante su negocio y así podrá tener unos mejores ingresos tanto para su hogar como para ella. Además, Luisa espera que su negocio siga creciendo poco a poco para así cumplir su sueño de tener un gran negocio donde pueda generar empleo y desde el cual pueda brindarles a su familia una mejor calidad de vida y mejores oportunidades económicas para progresar.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,150 helped Luisa Fernanda to buy clothing.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 27, 2012
Jun 1, 2012
Currency Exchange Loss:
Jul 1, 2012