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Monica Janeth
Monica has worked for several years in the sale of merchandise and sales in stores. This has allowed her to acquire a lot of experience and be able to gain basic knowledge about how to run her own business. After working for seven years selling products in a shop with some savings she decided to make the effort and start her own business of sales of personal products. Despite the fact that when she started her business she had great difficulties with capital, her efforts have allowed her to get ahead and get ever more customers.

With her business, the economic conditions of her home have improved and now she contributes together with her husband to give her family more economic stability. Looking to satisfy the needs of her customers and also overcome the difficulty of capital, Monica is seeking a loan to buy personal use projects and stock her shop with products that have been running out.

Her dream is to have a large business where she can generate jobs for people who need them and also offer her family a better quality of life.
View original language description ↓
Monica ha trabajado durante varios años en la actividad de venta de mercancías y venta en almacenes, lo que le ha permitido adquirir una gran experiencia y poder así tener los conocimientos básicos para llevar su propio negocio. Después de trabajar durante 7 años vendiendo productos en un almacén, con unos ahorros decidió hacer el esfuerzo y montar su propio negocio de venta de productos de uso personal, y a pesar de que cuando montó su negocio tenía grandes dificultades de capital, su esfuerzo le ha permitido sacarlo adelante y captar cada vez más clientes. Con su negocio las condiciones económicas de su hogar han mejorado y ahora contribuye junto con su esposo para tener en su familia una mayor estabilidad económica. Buscando satisfacer las necesidades de sus clientes y superar también su dificultad de capital, Monica busca un préstamo para comprar productos de uso personal y surtir su almacén con productos que se han ido agotando.

Su sueño es llegar a tener un gran negocio donde pueda generar empleo para las personas más necesitadas y también poder ofrecer a su familia una mejor 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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,805.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Monica Janeth to buy personal use products and stock her store with products that have been running out.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 9, 2012
Listed
Sep 16, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013