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Teresita Del Socorro
Teresita, 54, has worked as a domestic employee in private homes for many years and earns enough income this way to help her husband cover household expenses since he works in construction and sometimes this occupation is unstable and uncertain. They used to live in a popular neighborhood in the city but due to violence and gang warfare she and her husband had to move to a different neighborhood to preserve their lives for they were exposed to many external risks.

Aiming at improving their income and change activity, she decided to open her own business and work independently. She resigned from the job she had and used her severance pay and some savings she had to open a small grocery store about 7 months ago. She installed it in a small space at home and bought shelving and stock to start her productive project.

Her perseverance, drive and enterprising spirit have led her to seek new alternatives that will make it possible for her to continue forward. This is what motivates her to request the loan she wants to use to buy a cooler and stock at wholesale (meat products, dairy products, packaged snacks, grains, cleaning supplies, etc.) This will allow her to have more variety of products on-hand to meet customer needs and wants which will result in a significant increase in sales and profits earned from her labor.

In this way, Teresita intends to continue working to move her business forward becoming known for the good service and variety and quality of goods she sells. She wants to turn it into a profitable activity so she can rest from her work as a domestic employee. She also wants to support her husband so that they can enjoy well-being and quality of life and to live a peaceful old-age at the side of her beloved husband.
View original language description ↓
Teresita, a sus 54 años de edad, se ha dedicado durante muchos años a trabajar como empleada doméstica en diferentes casas de familia y de esta manera generaba los ingresos suficientes para apoyar a su esposo con la carga económica del hogar, ya que él labora como oficial de construcción y algunas veces esta actividad es muy inestable e incierta. Vivían en un barrio popular de la ciudad, pero debido a la violencia y conflictos entre bandas criminales del sector, ella, en compañía de su esposo se vieron obligados a trasladarse para otro barrio, procurando cuidar sus vidas que se veían expuestos a muchos riesgos externos. Con el ánimo de mejorar sus ingresos y de cambiar de actividad, ella decidió independizarse y montar su propio negocio, por lo que renunció al trabajo que tenía y, con la liquidación y algunos ahorros inició una pequeña tienda de abarrotes hace aproximadamente 7 meses, la cual ubicó en un pequeño espacio de su casa y compró estanterías y surtido para comenzar con su proyecto productivo. Su perseverancia, empuje y su espíritu emprendedor la llevan a buscar nuevas alternativas que le permitan seguir adelante, por ello se motiva a solicitar el crédito con el que desea comprar un enfriador y surtido al por mayor (cárnicos, lácteos, mecato, granos, productos de aseo, entre otros), esto le permitirá tener más variedad de productos para ofrecer y satisfacer las necesidades y gustos de sus clientes, lo que dará como resultado un incremento notable en las ventas y en el margen de utilidades que recibe por su labor. De esta manera, Teresita desea seguir luchando para sacar adelante su negocio, dándose a conocer por su buen servicio y por la variedad y calidad de los productos que ofrece, pues desea convertirlo en una actividad rentable y así poder descansar de sus labores como empleada doméstica, además quiere apoyar a su esposo para disfrutar de un mejor bienestar y calidad de vida y, vivir una vejez tranquila al lado de su amado esposo.

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
  • $12,852,400
    Funds lent in using Kiva
  • 1,883.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Teresita Del Socorro to buy a cooler and stock merchandise.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 29, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2014