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Llaminelsy
Llaminelsy is married and has two children for whom she provides a good quality of life. Thanks to her business, she is able to generate income to contribute financially, along with her husband, toward improving the economic conditions in her home and providing a good quality of life for her family.

More than ten years ago she began selling items as a street vendor, and, through tremendous effort, she managed to secure a storefront. To this day she has kept her store there, where she offers household products to her customers. Because her customer base is growing and is always demanding more products, Llaminelsy is seeking a loan in order to buy household items and to offer her customers a greater variety of products in her store.

This way her business will continue to grow and she will be able to earn a good income for her home so her family will continue to enjoy a good quality of life.
View original language description ↓
Llaminelsy se encuentra casada y tiene 2 hijos a quienes les garantiza una buena calidad de vida gracias a su negocio con el cual generar ingresos para contribuir económicamente junto con su esposo para que en su hogar mejoren las condiciones económicas y puedan tener una buena calidad de vida. Desde hace más de 10 años comenzó a trabajar vendiendo productos en la calle de manera ambulante, y gracias a un gran esfuerzo que hizo logró ubicarse dentro de un local y allí tiene su negocio hasta ahora donde ofrece productos para el hogar a sus clientes. Debido a que sus clientes están aumentando y cada vez demandan más productos, Llaminelsy busca un préstamo para comprar productos para el hogar y ofrecer a sus clientes mayor variedad de productos en su miscelánea.

De esta manera su negocio saldrá adelante y podrá ofrecer en su hogar unos buenos ingresos para que sigan teniendo una buena 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

  • $6,070
    Average annual income
  • 295
    View loans »
    Colombia Loans Fundraising
  • $13,948,100
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Llaminelsy to buy household items and offer her customers a greater variety of products in her store.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 20, 2013