Check out some available loans that are similar to this one!
Andrea
31-year-old Andrea is a hard-working woman who both works and cares for her 9-year-old son as she is a single mother. She worked for more than 12 years as a demo lady in different chain stores but, one year ago, she decided to become a micro businesswoman and set up her own business selling hairdressing products. She says that her work is not easy as there is a lot of competition. For this reason, she does her best to offer good prices and excellent customer service.

Andrea is requesting this loan to buy a display case and stock so that she can expand her product offerings and improve her sales. She hopes that, by strengthening her business, she will be able to guarantee her son a better quality of life and a good education.
View original language description ↓
Andrea de 31 años de edad es una mujer luchadora a la que le ha tocado trabajar y cuidar de su hijo de nueve años de edad, por su condición de madre soltera. Laboró por más de doce años como mercaderista en diferentes almacenes de cadena. Desde hace un año decidió convertirse en microempresaria y montar su propio negocio dedicado a la venta de artículos de peluquería. Asegura que la tarea no es sencilla pues la competencia es muy amplia por lo cual trata de ofrecer buenos precios y una excelente calidad en el servicio.
En la actualidad se encuentra solicitando un crédito para la compra de una vitrina y surtido con el fin ampliar su portafolio de productos y mejorar sus ventas. Espera que con el desarrollo de la actividad y la consolidación de su negocio pueda garantizarle a su hijo una mejor calidad de vida y una buena educación.

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
  • 569
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,822.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Andrea to buy a display case and some hairdressing products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2013
Listed
Apr 6, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015