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Daniela
Daniela is a young woman who is 22 years of age. She is single and has no children. Daniela currently sells hats in the metropolitan area and in the small towns of Antioquia region, where she is well-known among her customers. She is familiar with this business because she learned the trade from her family.


Daniela is an enterprising and hardworking woman who enjoys being active and traveling in order to sell her products. As a result, the income she earns helps to sustain her household. The loan she is requesting will be invested two ways. First of all, she will buy more merchandise (hats) valued at 503,000 COP. She will also pay off an outstanding debt currently valued at 497,000 COP.


This is the third time she has requested a loan from Interactuar. Her greatest wish is to have her own shop where she can sell her products and become well-known. This would enable her to generate more income and improve her quality of life.

View original language description ↓
Daniela es una joven de 22 años de edad, es soltera y aún no tiene hijos. Actualmente se dedica a la venta de sombreros en el área metropolitana y en los pueblos de Antioquia, donde ya es reconocida por los clientes. Esta actividad la conoció porque es una herencia familiar. La prestataria es una mujer emprendedora y trabajadora, le gusta estar activa y viajando para vender sus productos y así conseguir los ingresos para apoyar el sostenimiento de su hogar. El crédito que solicita dese invertirlo en dos conceptos, primero en la compra de más mercancía (sombreros) por un valor de $503.000 y pagar el crédito que tiene vigente por valor de $497.000 ya que es el tercer crédito que adquiere con la Corporación. Su mayor sueño es tener un local propio, que sea reconocido y comercializar sus productos para generar mejores ingresos y mejorar su 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,921.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Daniela to buy more hats to sell and to pay off an outstanding debt.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jul 6, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013