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María Dulfay
Maria is 52, married, and mother of one child. Ever since she was very young, she has worked at making money on her own account, by selling goods to family, neighbours and friends. In this way she has gained experience in this activity and generated income to support her husband with the household expenses.

Her drive, carefulness and passion for what she does have allowed her to make progress and, little by little, she has managed to increase her clientele. For this reason she is keen to request the loan in order to invest it into buying goods, specially brought in from the US and Panama, as she wants to start her own store in her home. She can procure garments and various goods at the lowest cost from these countries, such as blouses, shirts, tennis shoes, bags and perfume. This permits her to increase her profit margin on each sale, and also she has the opportunity of providing a better service to her customers, especially at Christmas, when people look for all sorts of things as presents.

Maria says that she will continue working with dedication and care to carry on growing her capital and thus to be able to go on contributing to the family economy. In this way they have been able to provide a good education for their son and offer him a better way of life.
View original language description ↓
María, a sus 52 años de edad, es una mujer casada y madre de 1 hijo. Desde que era muy joven comenzó a generar ingresos por cuenta propia, vendiendo mercancía a sus familiares, vecinos y amigos y, de esta manera fue adquiriendo experiencia en esta actividad y generando recursos para apoyar a su esposo con la carga económica del hogar. Su empuje, esmero y pasión por lo que hace, le han permitido salir adelante y poco a poco ha logrado aumentar su clientela; por ello se anima a solicitar el crédito con el fin de invertirlo en la compra de mercancía, especialmente traída de Estados Unidos y Panamá, ya que desea iniciar su propio almacén en su casa y; en estos países puede adquirir las prendas y los diversos artículos a menor costo como blusas, camisetas, tennis, bolsos, perfumería, entre otros, lo que le permitirá aumentar el margen de ganancia por cada venta que realice, además tendrá la oportunidad de atender mejor a sus clientes, especialmente en la temporada de navidad en la que las personas buscan todo tipo de artículos para hacer obsequios. María dice que seguirá trabajando con dedicación y esmero para seguir aumentando su capital y así poder continuar aportando a la economía de su familia, con la que han podido sacar adelante a su hijo y brindarle un mejor bienestar.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,904.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $6,575 helped María Dulfay to buy wholesale goods in the US and Panama, such as blouses, shirts, tennis shoes, bags and perfume.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 8, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014