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Nubia Estella
Nubia Estrella is a 39-year-old woman who is married and the mother of four children (ages 17, 13, and 3-year-old twins). From a young age, Nubia has worked in the retail business. She started out working with a relative at a distribution center. Later on, she opened a delicatessen, but she had to close that business because of health problems related to her last pregnancy.


In 2011, Nubia began selling merchandise such as clothes, shoes, accessories, and other products through catalogs. This business has given her the opportunity to keep her household on track and to take care of her children. She is an enterprising woman who has the drive to succeed. For this reason, Nubia is requesting her fifth loan from Interactuar. She wants to invest in the purchase of merchandise and products in bulk (clothing, accessories, perfumes, cosmetics, and other items) so that she can take advantage of the discounts being offered. This will give her a wider variety of products to offer to her customers, thereby improving her sales.


Nubia dreams of growing her business and converting it into a retail shop. This would generate more income so that she can provide a better education for her children and an improved quality of life for her entire family.

View original language description ↓
Nubia Estella es una mujer de 39 años de edad, casada y madre de cuatro hijos de 17, 13, dos de 3 años. Desde joven ha trabajado en la actividad comercial, inició laborando con un familiar en una distribuidora, luego montó una salsamentaria, pero por cuestiones de salud en su último embarazo, tuvo que cerrarlo; en el año 2011 comenzó a vender mercancía, ropa, calzado, accesorios y productos por catálogo, con esta actividad tiene la oportunidad de estar al frente de su hogar y cuidar a sus hijos. Es una mujer emprendedora y con ganas de salir adelante, por eso solicita el quinto ciclo de crédito con la Corporación, el cual desea invertir en la compra de mercancía y productos al por mayor (ropa, accesorios, perfumería, cosméticos, entre otros) con el fin de aprovechar los descuentos que le ofrecen y así poder tener más variedad de productos para ofrecer a sus clientes y mejorar las ventas. Nubia sueña con hacer crecer su negocio, convertirlo en un almacén, que le genere mayores ingresos para brindar una mejor educación a sus hijos y mejorar la calidad de vida de toda la familia.

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
  • 560
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,900.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Nubia Estella to buy clothing, accessories, perfumes, cosmetics, and other items in bulk.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 14, 2013
Listed
Jul 22, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2014