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Claudia Alejandra
Claudia is 19 years old and lives in a common law marriage but doesn’t have any children. She works as an employee in at internet café and has been working there for several years. In this way she was able to get the resources she needed to support her household. The business owner put it up for sale for various reasons, and offered her the chance to have it. For this reason and with her entrepreneurial vision and desire to get ahead, Claudia is asking for this loan in order to get the rest of the money to buy the business and some supplies (sheets of paper, toner, pencils, markers). She wants to be able to work and take advantage of the experience she got as an employee. This will allow her to have an income, continue paying for her education, and expand her business in the short term with the intent of providing employment opportunities and another service. This will help her to stabilize her financial stability in her home and improve her quality of life.
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Claudia, a sus 19 años de edad vive en unión libre con su pareja y aún no tiene hijos. Se dedicaba a trabajar como empleada en una sala de internet, trabajó durante varios años y así obtuvo los recursos necesarios para aportar a la economía de su hogar. Por diversas razones, la dueña del negocio lo puso en venta y le ofreció la posibilidad a Claudia, de quedarse con él, por esta razón y con su actitud emprendedora, con visión y muchas ganas de salir adelante, Claudia se motiva a solicitar el crédito, con el fin de completar el dinero para el pago del negocio y comprar surtido de papelería (resmas de papel para impresión, tóner de impresoras, lapiceros, marcadores) con el fin de poder ejercer la labor, aprovechando la experiencia que adquirió mientras era empleada; esto le permitirá obtener más ingresos para seguir pagando sus estudios y ahorrar para ampliar su negocio en un corto plazo, con la intensión de brindar oportunidades de empleo y montar otros puntos de servicio, esto le ayudará a mejorar la estabilidad económica de su hogar y tener una mejor calidad de vida.

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
  • 213
    View loans »
    Colombia Loans Fundraising
  • $12,876,400
    Funds lent in using Kiva
  • 1,887.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,125 helped Claudia Alejandra to buy a business and some supplies.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 30, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014