Check out some available loans that are similar to this one!
Aliriam Del Carmen
Aliriam, 49, is a female head of household and mother of two children. She currently manages an ICBF [Instituto Colombiano de Bienestar Familiar - Colombian Institute of Family Well-being] child care center; she’s a community mother and also alternates this with her job selling merchandise to order via catalog. She’s succeeded in generating enough income this way to move her children forward and to cover basic household needs since the entire economic responsibility for her home is on her shoulders since her separation from her husband.

She’s an organized, active, enterprising woman who strives tirelessly to continue making progress and watching over her family’s well-being. She’s requesting the loan because she wants to buy a display case to exhibit her goods and to buy stock at wholesale (perfumery, body creams, cosmetics, costume jewelry) to take advantage of available discounts thus increasing her profit margin. In addition, she’ll have inventory on-hand to meet customers’ various tastes which will give her the opportunity of generating resources to provide economic stability and well-being for her family. She will also be able to invest in her business and strengthen it so that it will be profitable and long-lasting.
View original language description ↓
Aliriam es una mujer de 49 años de edad, madre de dos hijos y cabeza de hogar. Actualmente se dedica a manejar una guardería del ICBF, es madre comunitaria y además alterna su empleo, con la venta de productos por catálogo y mercancía por encargo, de esta manera ha logrado generar los ingresos suficientes para sacar adelante a sus hijos y para solventar las necesidades básicas de su hogar, pues toda la carga económica recae sobre ella luego de la separación con su esposo. La cliente es una mujer organizada, activa, emprendedora y lucha incansablemente para seguir avanzando y velar por el bienestar de su familia. Se encuentra solicitando el crédito porque desea comprar una vitrina para exhibir los productos y surtido al por mayor (perfumería, cremas corporales, cosméticos, accesorios de bisutería), con el fin de aprovechar los descuentos que obtiene y así aumentar el margen de ganancias, además tendrá disponibilidad de inventario para satisfacer los diferentes gustos de sus clientes. Esto le dará la oportunidad de seguir generando recursos para brindar estabilidad económica y bienestar a su familia, además tendrá la posibilidad de invertir en su negocio y fortalecerlo para que sea rentable y perdure en el tiempo.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,921.4
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $800 helped Aliriam Del Carmen to buy stock merchandise and a display case.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 14, 2013
Listed
Sep 14, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 14, 2013