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Claudia Jeannette
Claudia is married and has two children, aged 10 and 12. To contribute economically to her household and to be able to have a better quality of life she has a clothing sales warehouse. She started this business a while ago and thanks to her income she has been able to offer greater economic stability to her household and a better quality of life for her family. On seeing the benefits that her business brings her she always looks for ways of extending her business and increasing her sales. Presently she is selling fancy dress costumes as the season approached, but she doesn't have much capital. Claudia is asking for a loan to buy costumes and have a good variety of stock in preparation for customers' demands over the Halloween period.

Her dream is to have a big clothing warehouse where she can generate jobs and can also increase her income in order to offer her family a better quality of life.
View original language description ↓
Claudia se encuentra casada y tiene 2 hijos de 10 y 12 años de edad, y para contribuir económicamente en su hogar y poder tener una mejor calidad de vida, tiene un almacén de venta de ropa. Este negocio lo inició hace un tiempo y gracias a sus ingresos ha podido ofrecer en su hogar una mayor estabilidad económica y una mejor calidad de vida para toda su familia, es por esto que al ver los beneficios que su trabajo le trae siempre busca hacer crecer su negocio y tener cada vez mejores ventas. Actualmente está incurriendo en la venta de disfraces ya que se acerca la temporada de disfraces, pero como no cuenta con mucho capital disponible, Claudia recurre a un préstamo para comprar disfraces y poder tener un buen surtido para satisfacer la demanda de sus clientes en la temporada de Hallowen.

Su sueño es poder tener un gran almacén de ropa donde pueda generar empleo y pueda también tener ingresos superiores para 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
  • 194
    View loans »
    Colombia Loans Fundraising
  • $13,090,925
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $600 helped Claudia Jeannette to buy costumes and have a good variety of stock in preparation for customers' demands over the Halloween period.
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 30, 2012