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Nohelia
Nohelia is a single mother and head of her family of two children, to whom she has always wanted to provide a good education and a good quality of life. It is for this reason that since her children's father abandoned them, she has been working hard to be able to generate sufficient income with her business so that she can have a better financial situation in her household.

From a friend, Nohelia learned the business of selling natural products, and set up a display of these products in the living room of her home. Thanks to the good quality of her products and the good service she provides, her sales have grown considerably in the last months. This is why she is going to offer a greater variety of products. She is seeking a loan that will allow her to buy a display case for showing her products to her customers, and this way make the business more attractive.

In this way her business will continue growing and offering good quality products. In addition, Nohelia hopes that with greater income her family can have a better financial situation, so that they can have greater opportunities for progress and a better quality of life in their household.
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Nohelia es una madre soltera cabeza de familia de sus 2 hijos a quienes siempre les ha querido brindar una buena educación y una buena calidad de vida, es por esto que desde que el padre de sus hijos los abandonó ha venido trabajando fuertemente para poder generar suficientes ingresos con su negocio de modo que pueda tener en su hogar mejores condiciones económicas. Nohelia aprendió por parte de una amiga la actividad de la venta de productos naturales, y en la sala de su casa montó una exhibición de estos productos. Gracias a la buena calidad de sus productos y la buena atención que ofrece sus ventas se han incrementado considerablemente en los últimos meses, por esto ahora que va a ofrecer una mayor variedad de productos, busca que un préstamo le permita comprar una vitrina para poder exhibir sus productos a sus clientes y así hacer el negocio más atractivo.
De esta manera su negocio seguirá creciendo y ofreciendo una buena calidad de productos. Además, Nohelia espera que con mayores ingresos su familia pueda tener mejores condiciones económicas, de modo que puedan tener mayores oportunidades de progreso y una mejor calidad de vida en su hogar.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,725 helped Nohelia to buy a display case for showing her products to her customers, and this way make the business more attractive.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 16, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Expired:
Jul 1, 2012