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Wendy Lizbeth
Wendy is an enterprising 21 year-old who is currently unemployed. Due to her family's difficult financial situation, she was motivated to start her own business to generate the income needed to support the household. She wants to start selling products through a catalog and through orders, offering her products to all of the contacts in her social network. She will start the business and see if it provides her with the results she hopes for.

Wendy's resilient spirit and dynamism are leading her to seek out alternatives to get ahead. To do this, she is requesting the support of a loan so that she can purchase merchandise at wholesale (perfumes, cosmetics, body creams, accessories, and other items), taking advantage of the discounts and promotions that are offered. This way she can start up her productive enterprise. Although she is aware that her main challenge is the high level of competition in the market, this does not deter her from continuing forward. She states that her excellent customer service will be the added value that she offers to her buyers.

Wendy wants to devote herself to her work, with effort, discipline and dedication, so that she can get her business recognized. This will give her good profitability so that she will be able to enjoy financial stability and ensure that her business will keep going over time, thereby improving her family's quality of life.
View original language description ↓
Wendy es una joven emprendedora de 21 años de edad, actualmente se encuentra desempleada y, debido a la difícil situación económica por la que atraviesa su familia, se motivó para iniciar su propio negocio para generar los ingresos necesarios para aportar a la economía de su hogar. Quiere empezar con la venta de productos por catálogo y por encargos, aprovechando todos los contactos de las redes sociales para ofrecer sus productos; esta actividad la comenzará de manera empírica, y espera que le brinde los resultados esperados. Su espíritu de superación y su dinamismo la llevan a buscar alternativas que le permitan salir adelante, por ello solicita el apoyo del crédito para invertirlo en la compra de mercancía al por mayor (perfumería, cosméticos, cremas corporales, accesorios, entre otros) aprovechando los descuentos y las promociones que le ofrecen, de esta manera podrá poner en marcha su proyecto productivo y, aunque es consciente de que su principal desafío es que en el mercado hay mucha competencia directa, eso no la detiene para seguir avanzando, pues manifiesta que prestar un excelente servicio al cliente será el valor agregado que ofrecerá a sus compradores. Wendy quiere dedicarse a trabajar con empeño, disciplina y dedicación para lograr acreditar su negocio y que éste le dé buena rentabilidad para poder disfrutar de una estabilidad económica favorable y lograr que su negocio perdure en el tiempo, mejorando así la calidad de vida de su familia.

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.

About Colombia

  • $6,070
    Average annual income
  • 158
    View loans »
    Colombia Loans Fundraising
  • $12,812,550
    Funds lent in using Kiva
  • 1,879.9
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Wendy Lizbeth to buy merchandise (perfumes, cosmetics, body creams, accessories, etc).
52% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2013
Listed
Oct 25, 2013
Currency Exchange Loss:
Possible