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Adriana María
Throughout her working life Adriana has been an independent businesswoman. She started out selling empanadas and other fried foods, and then gradually moved into selling clothing and accessories. Then four years ago she saw the opportunity of opening a store in her own home as the community in which she lives didn't have a corner store. She sells daily necessities and is gradually introducing other items requested by her customers. Adriana is expanding her store based on this information. She works alone and loves her job as she likes to have an income of her own with which to help her husband with household expenses and provide her son with a good education.

Adriana is now seeking a loan to help her buy more stock at wholesale prices (baked goods, cookies, soft drinks, cleaning products, milk products etc.) then she will have a greater variety of merchandise to offer her customers and satisfy their increasing demands. She will earn more money and have the opportunity to progress towards fulfilling her dream of owning premises independent of her home. She also wishes to provide jobs, as well as improve her family's and other families' standard of living.
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Adriana, durante su vida productiva se ha dedicado a trabajar como comerciante independiente, inició vendiendo empanadas y otros alimentos fritos, poco a poco fue cambiando de artículos y comenzó a vender ropa, accesorios hasta que desde hace 4 años vio la oportunidad de abrir una tienda en su propia casa, pues la unidad residencial donde vive carecía de este servicio, allí ofrece productos de la canasta familiar y poco a poco fue incluyendo nuevos artículos que sus clientes demandaban; esta actividad la desarrolla de manera empírica, trabaja sola y es apasionada por su labor, pues le gusta generar sus propios ingresos, con los cuales apoya a su esposo para llevar la carga económica del hogar y para brindarle a su hijo una buena educación. Actualmente solicita el apoyo del crédito para comprar surtido al por mayor (mecato, galletería, gaseosas, productos de aseo, lácteos, entre otros), así tendrá más variedad de productos disponibles para ofrecer a sus clientes y satisfacer la demanda que aumenta cada día; esto le dará paso a generar mejores utilidades por cada venta y tendrá la oportunidad de seguir avanzando para cumplir el sueño de adquirir un local propio para independizar el negocio de su unidad familiar, pues desea poder generar empleo y así mejorar las condiciones de vida de su familia y de las demás personas que influyen en la labor.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 286
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,919.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Adriana María buy more stock at wholesale prices (baked goods, cookies, soft drinks, cleaning products, milk products etc.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 9, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014