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Diana Paulina
Diana at 26 years old, is the mother of a five year old child and is the head of the household, as she is separated. She runs her own business, a store that offers beauty products which she started 3 months ago. She learned this work by doing it, by trial and error. She has gained some experience as to how to manage her business. She works alone every day from 9 am to 8 pm except Sunday when she stops at noon. She generates the revenues necessary to pay the basic expenses of her household and supports her son by doing this. Her clients characterize her as a vigorous, dynamic and enterprising woman. She's always on the look-out for better ways which help her progress.

So Diana is asking for this loan to invest it in buying stock wholesale (dyes, hair treatments, cosmetics, nail polish and decorations for the nails, etc.) and make some changes to her shop. She wants to create a better image for the establishment so she can attract more customers. She would like to be able to offer them a greater variety of products to satisfy their varied likes and needs. All this should result in an increase in sales and in the end more income, so she can continue to provide for the well-being of her child.

Diana dreams of owning her own place for her business and in this manner have the opportunity to continue advancing and strengthening her business. In the medium term she would like to expand and open a few branches. For the moment she is conscious that she must put a lot of effort and dedication into her work to make sure that her business is profitable. She wants a stable economic situation which would offer the possibility of providing a better quality of life and a good education for her young son.
View original language description ↓
Diana, a sus 26 años de edad es madre de un hijo de 5 años y cabeza de hogar, debido a que es separada. Actualmente se dedica a atender su propio negocio, una tienda donde ofrece productos de belleza que inició hace aproximadamente 3 meses. Ella aprendió la labor de manera empírica, por el método de prueba/ error y, de esta forma ha ido adquiriendo conocimientos en cuanto al manejo de su negocio. Trabaja sola todos los días de 9:00 am a 8:00 pm, excepto los domingos que trabaja hasta el medio día y de esta manera genera los recursos necesarios para solventar las necesidades básicas de su hogar y la manutención de su pequeño hijo. La cliente se caracteriza por ser una mujer pujante, dinámica y emprendedora, siempre va en busca de nuevas oportunidades que le ayuden a progresar. Esto la motiva para solicitar el apoyo del crédito con la intención de invertirlo en la compra de surtido al por mayor (tintes, tratamientos capilares, cosméticos, esmaltes y artículos de decoración para uñas, entre otros) y realizar unas adecuaciones al local; así le dará una mejor imagen al establecimiento y podrá atraer más clientes, a los cuales podrá ofrecer una mayor variedad de artículos que satisfagan los diversos gustos y necesidades; todo esto se verá reflejado en el incremento de las ventas y por ende de sus ingresos, con los que podrá seguir velando por el bienestar de su hijo. Diana sueña con adquirir un local propio y de esta forma tendrá la oportunidad de seguir avanzando y fortalecer su negocio, pues desea expandirse y abrir más sucursales a mediano plazo; por el momento es consciente que debe trabajar con mucho esfuerzo y dedicación, de esta forma podrá garantizar que su negocio sea rentable y poder tener una estabilidad económica favorable, que le garantice la posibilidad de brindar un mejor bienestar y educación a su pequeño hijo y mejorar la calidad de vida.

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 547
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,919.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,625 helped Diana Paulina to buy supplies wholesale (dyes, hair treatments, cosmetics, nail polish and decorations for the nails, etc.) and make some changes to her shop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 17, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 18, 2015