Check out some available loans that are similar to this one!
Laura Cecilia
At just 19 years of age, Laura is a young entrepreneur who, from the time she was in grade school, used to sell candy in order to make her own money and help out with the family expenses because of financial difficulties. Some time ago, Laura started working with a relative of hers who sells personal care products. With the experience she gained, Laura decided to work for herself. With her modest savings, she launched her business, which is now growing. Because Laura does not have much capital, she is requesting a loan so that she can purchase personal care products like lotion, face cream, and other goods. This way, she can fill the orders she has.



Her dream is to be able to launch her own clothing business.

View original language description ↓
Laura es una joven emprendedora de 19 años de edad quien desde que estaba en el colegio vendía dulces para generar sus propios ingresos y ayudar en su hogar con los gastos, pues su familia tiene grandes dificultades económicas. Hace un tiempo comenzó a trabajar con una familiar suya quien ofrecía productos de uso personal, y con la experiencia aprendida Laura decidió comenzar a trabajar de manera independiente. Con unos pequeños ahorros comenzó su negocio el cual ahora ha venido creciendo, y es por esto que Laura como no cuenta con mucho capital, busca un préstamo para comprar productos de uso personal como lociones, cremas, entre otros y responder a los pedidos que tiene.

Su sueño es poder tener su propio negocio de venta de ropa.

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
  • 274
    View loans »
    Colombia Loans Fundraising
  • $13,623,825
    Funds lent in using Kiva
  • 1,796.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Laura Cecilia to purchase personal care products like lotion, face cream, and other goods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 23, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013