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Estela
Estela, 44, has been affected by unemployment in the city so she decided to start her own business with her mother. One week ago, she opened a small shop with a variety of products. She works by herself every day from 9:00 a.m. to 7:00 p.m. The idea came from the need to earn income to support her household and watch over her family's well-being. Her family consists of her husband and their only son.

Estela has an enterprising spirit. Her efforts and her desire to move forward motivated her to request this loan. She wants to invest in stocking wholesale products (sunglasses, cosmetics, toys, personal hygiene products, and more) to have a greater variety of products available to satisfy her customers' needs. This will allow her to increase sales and also the income she receives for her work.

Estela wants to make her business a successful source of income so she can continue to provide sufficient economic resources to give her son an excellent education and to support her husband with household expenses. She also hopes to enjoy a better quality of life along with those she loves.
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Estela, a sus 44 años de edad, siendo una afectada más del desempleo en la ciudad, decidió iniciar su propio negocio en sociedad con su madre, montó hace 1 semana un almacén de variedades, trabaja sola todos los días en un horario de 9:00 am a 7:00 pm; la idea surgió de la necesidad de generar ingresos para aportar a la economía de su hogar y velar por el bienestar de su familia que está conformada por su esposo y su único hijo. Su espíritu emprendedor, el empeño y las ganas de salir adelante la motivan para solicitar el apoyo del crédito, ya que quiere invertir en surtido al por mayor (gafas de sol, cosméticos, juguetería, productos de aseo personal, entre otros) para abastecer su negocio y tener más variedad de productos disponibles que satisfagan las necesidades de sus clientes, lo que le permitirá ampliar sus ventas y los ingresos que recibe por su labor. Estela desea hacer de su negocio una fuente de ingresos rentable para que le permita percibir los recursos económicos suficientes para dar a su hijo una excelente educación y apoyar a su esposo con la economía del hogar, además de disfrutar un mejor bienestar y condiciones de vida al lado de los que ama.

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

  • $11,100
    Average annual income
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,930.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Estela to invest in stocking wholesale products (sunglasses, cosmetics, toys, personal hygiene products, and more).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 15, 2013
Listed
Nov 16, 2013
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2014