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Diana Patricia
Diana, 30, has 4 children who are aged 13, 12, 9 and 7 and lives in a common-law marriage with her partner. In order to support her partner in contributing to the household income, she decided to initiate a catalog sales business and make jewelry because of the lack of job opportunities and difficult economic times; she learned these activities empirically, by way of observation. Diana is a hard-working, judicious, active woman dedicated to her family and her work. They are the reason she is requesting a loan, which she will invest in the purchase of supplies (stones, chains, brooches, ribbons) and wholesale merchandise (body lotions, cosmetics, personal hygiene products). With this, she will be able to continue both businesses as she'll have supplies available to make and sell accessories and she'll also have a diverse inventory of merchandise to offer her clients to satisfy the tastes and needs of each one. This will be reflected in her sales, and thus, her income. Diana dreams of growing her business, and so she works incessantly to provide products that have a distinguishing factor; that make her shine above her competitors; and that will provide a long-lasting fountain of income. That way, she will be able to provide her family with a better quality of life and continue educating her children in the best way, so they'll be successful in the future.
View original language description ↓
Diana, con 30 años de edad, es madre de cuatro hijos de 13, 12, 9 y 7 años y vive en unión libre con su pareja. Por falta de oportunidades laborales y debido a la difícil situación económica por la que han atravesado, ella decidió iniciar la venta de mercancía por catálogo y a elaborar accesorios de bisutería, con el fin de generar ingresos para apoyar a su esposo con la carga económica del hogar; estas actividades las aprendió de manera empírica, por medio de la observación. Diana es una mujer trabajadora, juiciosa, activa, dedicada a su familia y a su labor. Ellos son la principal motivación para solicitar el crédito, que invertirá en la compra de insumos (piedras, rollos de cadena, broches, cintas) y mercancía al por mayor (cremas corporales, cosméticos, productos de aseo personal), con esto podrá darle continuidad a ambos negocios, pues tendrá insumos disponibles para elaborar los accesorios y poder venderlos, además tendrá un inventario de mercancía diverso para ofrecer a sus clientes y satisfacer los gustos y necesidades de cada uno; esto se verá reflejado en el incremento de sus ventas y por ende, sus ingresos.
Diana sueña con hacer crecer su negocio, por lo cual trabaja incansablemente para que sus productos tengan un factor diferenciador, que la haga relucir por encima de sus competidores y hacer de sus actividades una fuente de ingresos perdurable en el tiempo, de esta forma podrá ofrecer a su familia mejores condiciones de vida y continuar educando a sus hijos de la mejor manera, para que tengan un futuro exitoso.

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

  • $6,070
    Average annual income
  • 298
    View loans »
    Colombia Loans Fundraising
  • $13,783,825
    Funds lent in using Kiva
  • 1,911.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Diana Patricia buy supplies (stones, chains, brooches, ribbons) and wholesale merchandise (body lotions, cosmetics, personal hygiene products).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014