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Liliana
Liliana is 24 years old. She is married and the mother of a daughter. After finishing high school, she decided to work as a merchant selling things via catalog. She has been able to generate income to support her husband with the household expenses. In order to improve her income and stabilize their finances, she want to open a clothing and accessories store. She will outfit a space in her house where she lives. She wants to take advantage of the fact that she has good customers who ask for her products. That is what is motivating her to ask for this loan. She will invest it in buying merchandise wholesale (jeans, blouses, t-shirts, shorts, necklaces, earrings, rings and more), in making improvements on the space and in buying fixed assets (a display case, a mannequin, shelves and hooks to hang the clothes). This way, she will be able to start her project, with which she hopes to generate employment opportunities and good income to keep looking out for her family's well being. Liliana dreams of accrediting and fortifying her business, making it profitable and sustainable over time, so that it will offer her the possibility of progressing and offering her daughter an excellent education, improving her family's quality of life.
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Liliana, a sus 24 años de edad, es casada y madre de una hija. Luego de culminar sus estudios secundarios, se dedicó a desempeñarse como vendedora de productos sobre pedido, con lo que ha podido generar ingresos para apoyar a su esposo con la carga económica del hogar. Con el fin de mejorar sus ingresos y estabilizar su economía, desea iniciar un almacén de ropa y accesorios, para lo cual adecuará un espacio en la casa donde reside, además desea aprovechar que ya tiene buena clientela que le solicita los productos; esta es la razón por la que se motiva a solicitar el crédito, lo invertirá en la compra de mercancía al por mayor (jeans, blusas, camisetas, shorts, collares, aretas, anillos, entre otros), realizar adecuaciones del espacio y comprar activos fijos (vitrina, maniquí, estantes y ganchos para colgar la ropa), de esta manera podrá dar inicio a su proyecto, con el cual espera generar oportunidades de empleo y buenos ingresos para continuar velando por el bienestar de su familia. Liliana sueña con acreditar y fortalecer su negocio, logrando que sea rentable y sostenible en el tiempo, para que le brinde la posibilidad de progresar, brindar a su hija una excelente educación y mejorar el nivel de vida de su núcleo familiar.

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

  • $11,100
    Average annual income
  • 465
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,945.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $6,175 helped Liliana to buy merchandise wholesale (jeans, blouses, t-shirts, shorts, necklaces, earrings, rings, and more), do some improvements on the space and to buy fixed assets (a display case, a mannequin, shelves, and hooks to hang the clothes).
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 2, 2013