Check out some available loans that are similar to this one!
Sthephanny Dhainna
Sthephanny, 24, earns a living selling merchandise such as clothing and products by catalogue. She started her business two years ago thanks to her former partner who taught her the basic concepts of managing this type of work. She works every day of the week and believes her work is advantageous because the people in the city are at the forefront of fashion and concerned about their physical appearance. This allows her to sell her products more easily which generates a good income.

The borrower is an emerging, active entrepreneur who is constantly striving to reach her goals in an effort to continue progressing. She is requesting a loan to buy a variety of wholesale merchandise (body lotion, cosmetics, face creams, clothing, etc.). This way, she will have more product variety to offer her customers so she can cater to different needs and preferences.

Sthephanny says this will improve her income which means her family will have a better quality of life. It will also give her the opportunity to continue struggling to become a successful business owner.
View original language description ↓
Sthephanny es una joven de 24 años de edad que se dedica a comercializar mercancía como ropa y productos por catálogo; esta actividad la inició hace 2 años, gracias a que su anterior pareja le enseñó algunos conceptos básicos sobre el manejo de esta labor. Ella trabaja todos los días de la semana y ve en su labor la ventaja de que las personas de la ciudad están a la vanguardia de la moda y se preocupan por su apariencia física, lo que le da la oportunidad de vender sus productos con gran facilidad, logrando generar buenos ingresos. La cliente es pujante, activa y emprendedora, se proyecta siempre hacia el cumplimiento de sus metas, con el ánimo de seguir progresando. Solicita el crédito para invertirlo en la compra de surtido de mercancía al por mayor (cremas corporales, cosméticos, cremas faciales, ropa, entre otros), de esta forma tendrá más variedad de productos disponible para ofrecer a sus clientes y satisfacer las diversas necesidades y gustos. Sthephanny manifiesta que esto le ayudará a mejorar la entrada de recursos económicos para mejorar su calidad de vida y la de su familia, adicionalmente le dará la oportunidad de seguir luchando para convertirse en una empresaria exitosa.

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

  • $11,100
    Average annual income
  • 502
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,902.4
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,600 helped Sthephanny Dhainna to buy a variety of wholesale merchandise (body lotion, cosmetics, face creams, clothing, etc.).
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 28, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Covered
Expired:
Oct 28, 2013