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Ninfa Del Rocio

Update on Ninfa Del Rocio

Ninfa is a creative person who wants to improve her life. Her four children have been her main motivation to go in search of better opportunities. For 12 years, she has worked making clothing and jewelry, which has allowed her to give her family a better quality of life. She has many customers due to the quality of her service.

She is requesting this loan to purchase supplies such as thread, needles, accessories, and fabric in order to continue to increase her sales. She hopes to improve her financial situation and give her children a better education, including access to a university education in the future.

Her dream is to have a large business and to become a source of employment for others.
View original language description ↓
Ninfa es una persona que se ha caracterizado por tener una gran creatividad y ganas de salir adelante. Sus cuatro hijos se han constituido en su principal motivación para ir en búsqueda de mejores oportunidades. Desde hace 12 años se dedica a la confección y elaboración de bisuterías, Labor que le ha permitido brindarle una mejor calidad de vida a su familia. Cuenta con grandes clientes debido a la calidad en el servicio, por lo cual se encuentra solicitando un crédito que invertirá en la compra de de insumos como hilos, agujas, accesorios y telas. Con el fin de seguir aumentando sus ventas. Espera mejorar su condición económica y ofrecerle a sus hijos una mejor educación y en un futuro el acceso a la educación universitaria.
Su mayor sueño es tener un gran negocio, y convertirse en una fuente generadora de empleo.

Previous Loan Details

Nifa is characterized by her great creativity, and thanks to this, she has been able to forge ahead with her business and offer excellent products. Ninfa has made clothes and costume jewelry for about 11 years. It has allowed her to contribute an income to cover the household expenses, which cons... More from Ninfa Del Rocio's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 379
    View loans »
    Colombia Loans Fundraising
  • $16,230,175
    Funds lent in using Kiva
  • 1,843.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,175 helped Ninfa Del Rocio to purchase supplies such as thread, needles, accessories, and fabric.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 15, 2013
Apr 24, 2013
Currency Exchange Loss:
Jan 18, 2014