Check out some available loans that are similar to this one!
Kely Johana
Kely, 20, is an enterprising young woman. She’s a single mother of a three-year-old daughter she works tirelessly for. Some time ago she started earning her own income. At first, she sold clothes she’d buy at wholesale in the city that she’d come back to her town to sell but due to costs this implied she decided to change products and started selling merchandise and products via catalog taking advantage of benefits available from sales incentives they offer which generate additional income to provide household sustenance and well-being for her little girl.

She currently alternates her sales with various jobs for she must generate more income as head of household. Her tenacity, positive attitude and unending drive to get ahead motivate her to seek new alternatives that will impel her to reach her goals. This is why she’s asking for a loan to buy merchandise at wholesale (underwear and outerwear, accessories, cosmetics, body creams, etc.) to have more variety on-hand to meet customer needs which will lead to higher sales and profits especially during the approaching Christmas season when sales tend to increase.

In this way, Kely will continue advancing and striving so that in future she can open her own store in a commercial site so she can offer better customer service and generate higher income to provide better well-being and quality of life for her daughter.
View original language description ↓
Kely es una joven emprendedora de 20 años de edad, madre soltera de una hija de 3 años por la que trabaja incansablemente. Hace algún tiempo comenzó a generar ingresos por cuenta propia, inicialmente vendía ropa que compraba en la ciudad al por mayor y retornaba a su pueblo para venderla, pero debido a los costos que esto implicaba, ella decidió cambiar de productos y comenzó a vender mercancía y artículos de catálogos, aprovechando que con estos se beneficia de unos programas de incentivos por ventas, lo que le genera ingresos adicionales para llevar el sustento a su hogar y velar por el bienestar de su pequeña hija. Actualmente alterna sus ventas con un empleo en oficios varios, pues debe generar más ingresos por ser cabeza de hogar. Su tenacidad, positivismo y esas ganas interminables de salir adelante la motivan para buscar nuevas alternativas que la impulsen para cumplir sus objetivos, es por ello que solicita el apoyo del crédito con el que comprará mercancía al por mayor (ropa interior y exterior, accesorios, cosméticos, cremas corporales, entre otros), así podrá tener más variedad de productos disponibles para satisfacer las necesidades de sus clientes, lo que le permitirá aumentar sus ventas y el margen de ganancias, especialmente en la temporada navideña que se aproxima, en la que sus ventas tienden a aumentar. De esta manera Kely podrá seguir avanzando y luchando para que en un futuro pueda cumplir el sueño de montar su propio almacén en un local comercial, que le permita prestar un mejor servicio a su clientela y que le genere mayores ingresos económicos para brindar a su hija un mejor bienestar y calidad de vida.

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
  • 556
    View loans »
    Colombia Loans Fundraising
  • $14,700,225
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Kely Johana to buy merchandise at wholesale.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014