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Linda Rosa
Rosa is a young woman of 22 who has worked at various activities for several years. She started with a small beauty salon located in the garage of her home, with which she had very good results. She managed to acquire resources for contributing to her household's finances, until the end of 2012 when she closed it, because she wanted to enter the sales field. In the early part of this year she again started a business, this one offering cell phone accessories, with which she has had success in the months it has been open.

The owner is known for being an enterprising, friendly woman with vision and a great desire to succeed. It is for this reason that she is deciding to request her sixth loan, in order to invest in site improvements (painting the shop) and buying merchandise (accessories, screen protectors, assorted equipment, and other items), with the aim of giving her business a better appearance that will succeed in attracting more clients. This is so that she can offer them a variety of products to meet the needs and tastes of everyone who comes to her store.

In this way she will succeed in obtaining more income so that she continue contributing to her household's finances and save so that she can set up several branches of her business. This way she will have a more prosperous future where she will be able to notably improve her quality of life and that of her family.
View original language description ↓
Rosa, es una joven de 22 años de edad que desde hace varios años se ha dedicado a diversas actividades laborales, inició con un pequeño salón de belleza ubicado en el garaje de su casa, con el cual tuvo muy buen desempeño y logró adquirir recursos para aportar a la economía de su hogar hasta finales del año 2012 cuando lo cerró, porque quería incursionar en el área comercial y desde inicios de este año, comenzó nuevamente su negocio ofreciendo accesorios para celulares, con el cual ha tenido éxito durante los meses que lleva de funcionamiento. La titular se caracteriza por ser una mujer emprendedora, amable, con visión y muchas ganas de salir adelante, es por esta razón que se anima a solicitar su sexto ciclo de crédito, para invertirlo en mejoras locativas (pintar el local) y comprar mercancía (accesorios, protectores de pantalla, equipos de diversas gamas, entre otros) con el fin de darle una mejor imagen al negocio, que logre atraer más clientes para ofrecerles una variedad de productos que satisfagan las necesidades y gustos de todos los que visiten el negocio, de esta manera logrará obtener más ingresos para continuar aportando a la economía de su hogar y ahorrar para montar varias sucursales de su negocio y así tendrá un futuro más próspero, donde podrá mejorar notoriamente su calidad de vida y la de su 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 443
    View loans »
    Colombia Loans Fundraising
  • $14,624,200
    Funds lent in using Kiva
  • 1,891.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Linda Rosa to make site improvements (painting the shop) and buy merchandise (accessories. screen protectors, assorted equipment, and other items).
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014