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Blanca Rosa
Blanca is a hardworking individual as a result of great financial difficulties she experienced at home. She decided to start working by selling personal use products so that she could generate income to help out financially at home. Blanca started her business a few months ago. Due to difficulties with accumulating capital, she has not been able to grow much so that she can respond to the many orders she has received from her customers. However, with great effort and long hours, she has found ways to overcome these obstacles.


Blanca is requesting a loan in order to buy personal use products so that she can respond to some of the larger orders she has received from her customers. Her dream is to have a shop where she can relocate her business, improve her working conditions, and increase her sales. She also dreams of providing a better quality of life at home for her husband and their four children.

View original language description ↓
Blanca es una persona muy trabajadora y por esto al ver que en su hogar estaban padeciendo grandes dificultades económicas, decidió comenzar a trabajar en una venta de productos de uso personal con la que genera ingresos para apoyar económicamente en su hogar. El negocio lo inició hace pocos meses, y debido a las dificultades de capital no ha podido crecer mucho ni responder a los grandes pedidos de sus clientes, pero con mucho esfuerzo y largas jornadas de trabajo ha venido buscando la manera de superarlo. Blanca requiere un préstamo para comprar productos de uso personal y responder a unos grandes pedidos que tiene por parte de sus clientes.

Su sueño es tener un local donde ubicarse y mejorar las condiciones de trabajo, además de mejorar sus ventas. También sueña con que su esposo y sus 4 hijos tengan una mejor calidad de vida en el hogar.

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
  • 178
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $850 helped Blanca Rosa to buy personal use products that her customers have ordered.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 26, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 30, 2012