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Sandra Milena
Sandra is 32 years old. She is a family business woman who is getting her family ahead and seeking better opportunities to generate income and help her husband with the household expenses. Due to circumstances beyond her control, employment has grown scarce and she only works sporadically. Sandra says that as long as she can, she will do everything possible to offer her family a better quality of life and guarantee her child and education.

“Family, love and dreams are like a three fibered rope that woven together can never be destroyed. That is why I seek a way to help my husband during times of need, because we are one". With these words, Sandra expresses the great love she has for her family.

At this time, she is selling clothes from her home so she can care for her ten year old son. She assures us that the sales have been her best ally in times of crisis and thanks to her good service, her sales have increased. That is why she is asking for a loan that she will invest in buying merchandise. She hopes to improve her financial situation and set up her business in a local close to her home.
View original language description ↓
Sandra, de 32 años de edad, es una fami-empresaria que se ha caracterizado por sacar adelante a su familia y buscar mejores oportunidades para generar ingresos y colaborarle a su esposo con los gastos del hogar, ya que por situaciones ajenas a su voluntad, el empleo ha escaseado y sólo trabaja por días. Sandra asegura que mientras pueda ella hará todo lo posible por brindarle a su familia mejores condiciones de vida y garantizarle a su hijo educación.
“La familia, el amor y los sueños son como un cuerda de tres hilos que enlazados jamás pueden ser destruidos, por esta razón busco la manera de colaborarle a mi esposo en tiempos de necesidad por que somos uno solo” Con estas palabras Sandra manifiesta el gran amor hacia su familia.
En la actualidad se dedica a la venta de ropa desde su casa con el fin de cuidar de su hijo de diez años de edad. Asegura que las ventas han sido su mejor aliado en tiempos de crisis y gracias a su buena atención las ventas se han aumentado, por lo cual se encuentra solicitando un crédito que invertirá en la compra de mercancía. Espera poder mejorar su condición económica y motar su negocio en un local cerca a su casa.

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
  • 504
    View loans »
    Colombia Loans Fundraising
  • $14,948,000
    Funds lent in using Kiva
  • 1,813.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Sandra Milena to buy merchandise (clothing).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013