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Adriana
Adriana is a single mother head of household; she has two children who are 6 and 8 years of age. In order to generate household income she sells clothes to her neighbors, friends and acquaintances. The number of her customers has been progressively growing.

She started her business because her previous job did not produce enough income for her to be able to cover all family expenses or to give her children a better quality of life and better opportunities for economic progress.

Because she has large pending customer orders but does not have the necessary capital to fill them, Adriana is looking for a loan that will make it possible for her to buy clothes to fill all pending customer orders.

In this way she will continue moving forward with her two children and will be able to offer them better economic opportunities in the future. Her dream is to have a store where she can sell her products and become better known by her customers as well as to increase her clientele and have better sales.
View original language description ↓
Adriana es una madre soltera cabeza de familia de sus 2 hijos de 6 y 8 años de edad, y para generar los ingresos de su hogar tiene una venta de ropa la cual ofrece a sus vecinos, amigos y conocidos que poco a poco van haciendo que los clientes de su negocio aumenten progresivamente. La actividad la inició en vista de que su empleo anterior no le permitía ofrecer en su hogar los ingresos que requería para sostener los gastos y darles una buena calidad de vida a sus hijos, y ahora gracias a sus ventas puede tener en su hogar una mejor calidad de vida y mejores oportunidades económicas para progresar. Debido a que tiene grandes pedidos por parte de sus clientes, pero no cuenta con el capital necesario para satisfacerlos, Adriana busca un préstamo que le permita comprar ropa para satisfacer los pedidos que tiene por parte de sus clientes.

De esta manera seguirá saliendo adelante con sus 2 hijos y les podrá ofrecer unas mejores oportunidades económicas en un futuro. Su sueño es tener un almacén donde pueda ofrecer sus productos y pueda ser más reconocida por sus clientes, así también aumentar su clientela y tener mejores ventas.

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
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Adriana to buy clothes.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 20, 2012
Listed
Jul 10, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013