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Liliana
Liliana is a young entrepreneur who is 20 years old. About three years ago, she learned the craft of marquetry and got a job working with an acquaintance. Later on, she set up her own shop, and has been working hard ever since in order to generate income to support herself and contribute financially to cover home expenses.
She has had her own shop for a year and a half, and thanks to the good quality of her products, she has been able to gain a great number of customers, which allows her business' sales to go very well. Hoping to respond to her customers' large orders, Liliana is seeking a loan so that she can purchase the input and raw materials that she needs, such as wood, molds, glue, and other items, in order to respond to her customers' orders.
This way, her business will keep moving forward and she will continue to generate income for her household. Also, she hopes better income will allow her family to have a better quality of life and greater financial opportunities for progress.
Her dream is for her shop to continue growing and some day have a large workshop where she may create jobs and be broadly known for her good work.
View original language description ↓
Liliana es una joven emprendedora de 20 años que desde hace aproximadamente 3 años aprendió la actividad de la marquetería y consiguió trabajo con un conocido. Posteriormente, montó su propio taller y desde entonces viene trabajando fuertemente para generar ingresos con los cuales se puede sostener sus propios gastos y contribuye económicamente para el sostenimiento de los gastos de su hogar. Hace año y medio que tiene su propio taller y gracias a la buena calidad de sus productos ha logrado captar una gran cantidad de clientes, lo que le permite tener muy buenas ventas en su negocio. Con el ánimo de responder a los grandes pedidos de sus clientes, Liliana busca que un préstamo le permita comprar insumos y materias primas que requiere como madera, moldes, pegamento, entre otros, para responder a los pedidos de sus clientes.

De esta manera su negocio seguirá saliendo adelante y así seguirá generando ingresos para su hogar. Además, con mejores ingresos espera que su familia tenga una mejor calidad de vida y mayores oportunidades económicas para progresar. Su sueño es seguir creciendo con su taller y algún día poder tener un gran taller donde pueda generar empleo y sea reconocida en muchas partes por su buen trabajo.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Liliana to purchase the input and raw materials she needs, such as wood, molds, glue, and others, and to respond to her customers' orders.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 9, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013