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Sandra Milena
Sandra is a young, 20-year-old entrepreneur, and the single mother of one child. She started her own business, an internet cafe, which she runs from her own home. She has six stations set up to offer internet services. She got this idea because of her need to make money to pay her basic household expenses while looking after her young son at the same time.

Sandra works alone from Monday to Sunday from 9:00 am to 10:00 pm. She seeks to make the most of her time and to generate more income every day. Her drive, dedication and desire to excel push her to seek out options that will let her continue moving forward. For this reason, and because she's motivated to support her baby, she is requesting this loan to buy more computers. This will let her increase the space she has available and provide better services to her customers, which will allow her to generate more income. In short, this will mean improving her family's well-being and quality of life.

Sandra wants to continue to work hard to achieve her dream of expanding her business, which will help her business to be well-known in the sector and guarantee improved profitability. This will let Sandra continue to have a good source of income.
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Sandra es una joven emprendedora de 20 años de edad, madre soltera de un hijo. Hace aproximadamente inició su propio negocio, una sala de internet que montó en su casa, donde cuenta con 6 cabinas adaptadas para prestar el servicio; esta idea surgió de la necesidad de generar los recursos económicos necesarios para solventar las necesidades básicas de su hogar y, al mismo tiempo poder estar al cuidado de su pequeño hijo; trabaja sola de lunes a domingo de 9:00 am hasta las 10:00 pm, buscando aprovechar al máximo el tiempo y poder percibir mejores ingresos cada día. Su empuje, tenacidad y ganas de superación, la impulsan a buscar opciones que le permitan seguir avanzando, por eso y motivada por su bebé, ella solicita el apoyo del crédito para comprar más computadores y así poder aumentar el espacio disponible para ofrecer un mejor servicio a sus clientes, lo que le permitirá generar mejores ingresos, que en pocas palabras significa para ella, mejorar el bienestar y la calidad de vida de su familia. De esta forma, Sandra desea seguir trabajando arduamente para cumplir el sueño de ampliar su negocio, logrando que este sea reconocido en el sector y le garantice una mejor rentabilidad, para seguir contando con una buena fuente de ingresos.

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
  • 182
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,880.9
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Sandra Milena to buy more computers.
56% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2013
Listed
Oct 22, 2013
Currency Exchange Loss:
Possible