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Alexandra Noreli
Alexandra is a young entrepreneur who is married and has a 10-year-old son. In order to contribute economically to her household, she runs a store where she sells personal care and household products. Since she is from a family with scarce economic resources, she set up her business in order to help out at home and be able to give some money to her parents to improve their quality of life. Now that she is married, her store still provides economic support for her parents, and also allows her to contribute, along with her husband, to her own household to have a good lifestyle. In an effort to offer a wider variety of products to her customers, and taking advantage of the display case at her store, Alexandra is requesting a loan to buy personal care and household products to expand her range.

Her greatest dream is that through her business she can continue offering her parents economic stability, as well as also providing a good quality of life for her husband and son at home.
View original language description ↓
Alexandra es una joven emprendedora que se encuentra casada y tiene un hijo de 10 años de edad, y para contribuir económicamente en su hogar tiene un almacén donde ofrece productos de uso personal y productos de uso doméstico a sus clientes. Como proviene de una familia con escasos recursos económicos, su negocio lo montó con el ánimo de mejorar la situación económica de su hogar y poder contribuir con algo de dinero a sus padres para que mejoraran la calidad de vida que tenían. Posteriormente se casó y ahora su almacén sigue siendo un apoyo económico para sus padres, pero también le permite contribuir junto con su esposo para que en su hogar puedan tener una buena calidad de vida. Buscando ofrecer mayor cantidad de productos a sus clientes, y aprovechando una vitrina que tiene en su negocio, Alexandra busca un préstamo para comprar productos de uso personal y productos de uso doméstico para ofrecer mayor variedad de productos a sus clientes.

Su mayor sueño es que su negocio le siga permitiendo ofrecer a sus padres una buena estabilidad económica y también tener en su hogar una buena calidad de vida para su esposo y su hijo.

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
  • 279
    View loans »
    Colombia Loans Fundraising
  • $13,618,075
    Funds lent in using Kiva
  • 1,772.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Alexandra Noreli to buy personal care and household products to offer more variety to her customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013