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Beatriz
Beatriz is 32 years old. She has a child and is pregnant. The people who know her vouch for her being a strong, hard-working woman. One of her greatest dreams is to have her own business in order to devote more time to her family. This dream is slowly becoming a reality, as she is asking for a loan to buy consumer goods to sell, as well as shelves, a display case, and a fridge, to open a shop. She is confident that her store will thrive by virtue of being the only one of its kind in the neighbourhood. She hopes to improve her family's standard of living and to help her sixteen year-old daughter go to university.
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Beatriz de 32 años de edad, es madre de un hijo y actualmente se encuentra en periodo de gestación. Aseguran quienes la conocen que es una mujer pujante y trabajadora. Uno de sus mayores sueños es tener su propio negocio con el fin de dedicarle más tiempo a su familia. Hoy este sueño comienza a materializarse, debido a que se encuentra solicitando un crédito que invertirá en la compra de surtido (productos de la canasta familiar), estanterías, vitrina y un enfriador, con el fin de abrirla al público.
Manifiesta que su negocio tendrá un alto nivel de aceptación debido a que en su barrio no existe tiendas generales.
Espera mejorar la calidad de vida su grupo familiar y garantizarle a su hija de 16 años el acceso a la educación superior.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 301
    View loans »
    Colombia Loans Fundraising
  • $13,967,850
    Funds lent in using Kiva
  • 1,881.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,675 helped Beatriz to buy merchandise to sell as well as shelves, a display case, and a fridge to open a shop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 29, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013