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Sara Alejandra
Sara is 24 years old, married and has two children, aged two and four years old respectively. After completing secondary school, Sara decided to open her business - a stationery shop that she runs out of her house. As well as being able to work comfortably, she can also look after her young children. The idea to open a business came from her need to support her husband with the household finances. Sara works every day from 7am until 10pm and, with the work, earns enough money to support her family. Sara's drive, positive attitude and enterprising spirit, have helped her to achieve her objectives. So, Sara is applying for a loan in order to invest in buying fixed assets (shelving and a display case), to buy stock in bulk (notebooks, pencils, marker pens, cardboard, and more) and to buy Christmas decorations to sell. With these items she can give her business a better image and she will have the opportunity to stock up on all the products that sell well. In addition, Sara will be able to satisfy demand, which increases at the end of the year. This will allow Sara to earn higher profits, which will benefit the household economy. Sara wants to continue working hard in order to get ahead with her business and to make it more profitable, so as to guarantee stable finances to give her children an excellent education and better well-being.
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Sara es una joven de 24 años de edad, casada y madre de dos hijos de 2 y 4 años. Luego de haber culminado sus estudios secundarios ella decidió abrir su negocio y por ello inició una papelería, la cual ubicó en su casa, allí además de trabajar cómodamente también puede estar pendiente de sus pequeños hijos. La idea surgió de la necesidad de apoyar a su esposo con la carga económica del hogar, trabaja todos los días de 7:00 am a 10:00 pm y, de esta manera genera los ingresos suficientes para su familia. Su empuje, actitud positiva y su espíritu emprendedor la han llevado a lograr los objetivos que se propone, por ello solicita el crédito con el fin de invertirlo en la compra de activos fijos (estantería y vitrina), surtido al por mayor (cuadernos, lápices, marcadores, cartulinas, entre otros) y surtido de artículos decorativos navideños, de esta manera podrá dar una mejor imagen a su negocio y tendrá la posibilidad de almacenar todos los productos que vende, adicionalmente podrá satisfacer la demanda que se incrementa en la temporada de fin de año; así recibirá mejores utilidades y beneficiará la economía familiar. Sara desea seguir trabajando arduamente para sacar adelante su establecimiento y generar mejor rentabilidad, para garantizar una economía estable que le permita brindar a sus hijos una excelente educación y mejor bienestar.

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.

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About Colombia

  • $11,100
    Average annual income
  • 468
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,933.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $800 helped Sara Alejandra to buy fixed assets (shelving and a display case), to buy stock in bulk (notebooks, pencils, marker pens, cardboard, and more) and to buy Christmas decorations to sell.
92% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 10, 2013
Listed
Nov 12, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 21, 2015