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Lizet
Lizet at 22 years old is studying in her eighth semester of accounting. Most of her family work independently. They have a variety of businesses like being distributors, vegetable sellers, etc. She is an enterprising, active, energetic youth looking to the future. Moreover she wants to follow the tradition of being independent and take advantage of what she learned in university.

She wants to start a fast food distribution company. which is why she is asking for this loan. She will use it to buy a fixed asset (computer) and a variety of items wholesale (breads, cold cuts, cheese, sauces, and disposable products) She can then start her business and generate the resources to help support her family's expenses.

This would allow Lizet to fulfill her dream of finishing her professional training and have her own business with which she can generate employment opportunities and improve her own as well as other family's standard of living.
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Lizet, a sus 22 años de edad estudia octavo semestre de contaduría. Gran parte de su familia trabaja como independiente, pues tienen diversidad de negocios como distribuidoras, legumbrerías, entre otros. Ella es una joven activa, enérgica, emprendedora y con proyección hacia el futuro; además quiere seguir con esa tradición de ser independiente y, aprovechando los conocimientos adquiridos en su carrera universitaria, ella desea iniciar una distribuidora de productos para comidas rápidas, por lo cual solicita el apoyo del crédito, que será invertido en la compra de activos fijos (computador) y surtido al por mayor (panes, carnes frías, quesos, salsas, productos desechables) con el fin de dar inicio a su actividad y comenzar a generar recursos para aportar a la economía de su hogar. Esto le permitirá a Lizet, cumplir el sueño de culminar su carrera profesional y tener su propia empresa con la cual pueda generar oportunidades de empleo, mejorando no sólo su calidad de vida, sino también la de otras familias.

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.

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About Colombia

  • $6,070
    Average annual income
  • 303
    View loans »
    Colombia Loans Fundraising
  • $13,971,825
    Funds lent in using Kiva
  • 1,872.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,275 helped Lizet to buy fixed assets (a computer) and a variety of things wholesale (breads,cold cuts, cheese, and disposable items.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 12, 2013
Listed
Aug 11, 2013
Currency Exchange Loss:
Covered
Ended:
Feb 20, 2015