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Estefania
Estefanía is an enterprising young woman who, when she was very young, began selling sweets at school to generate some earnings and support her mother, since her mother is a single parent head of household, consisting of Estefanía and her younger sister. Then, when she graduated from school, her family did not have the resources for Estefanía to attend the university. Consequently she began to sell a large quantity of products, which have enabled her to generate an income with which she could pay for her university studies.

Currently Estefanía is 21 years old and continues selling personal use products and footwear to her customers and has gradually been paying her university expenses so she can move ahead and support her family.

Thanks to the fact that she has many solid orders from her clients, but lacks sufficient capital to fill them, she is looking for a loan that will allow her to purchase personal use products and footwear in order to meet her customers’ demands.
View original language description ↓
Estefanía es una joven emprendedora que desde muy joven comenzó vendiendo dulces en el colegio para generar sus ingresos y apoyar en su hogar a su madre que es madre soltera cabeza de familia de Estefanía y su hermana menor. Luego, cuando se graduó de su colegio, en su familia no tenían recursos económicos para que Estefanía pudiera asistir a la universidad, por esto comenzó a vender una gran cantidad de productos que le han permitido generar los ingresos con los que puede pagar su universidad. Actualmente Estefanía tiene 21 años de edad y continúa vendiendo productos de uso personal y calzado a sus clientes, y poco a poco ha venido pagando su universidad para poder salir adelante y apoyar a su familia. Gracias a que tiene muy buenos pedidos de sus clientes, pero no cuenta con el capital suficiente para satisfacerlos, Estefanía busca un préstamo que le permita comprar productos de uso personal y calzado para responder a los pedidos de sus clientes.

Su sueño es poder terminar de pagar su universidad y conseguir un empleo bien remunerado con el que pueda aportar en su hogar económicamente y así su madre y su hermana menor tengan la posibilidad de tener una mejor calidad de vida y mejores oportunidades económicas para progresar.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Estefania to purchase personal use products and footwear in order to meet her customers' requests.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013