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Elsy Dadeira
Elsy, 40, is married and mother to two children. During most her life she has worked as an employee in a gambling establishment, selling lottery and games of chance. After some time, she began working for herself, she became a street vendor selling tamales and deli meats as well as selling products from a catalogue. Seeing acceptation with these products she decided to work full time in this activity as it provides a good income. For her it meant better revenues which in turn she could contribute to the household income.

The microenterprise describes her as a person who is charismatic, driven and hard working. Her desire to better herself motivated her to request a loan to purchase merchandise at wholesale (cosmetic, body lotion, perfume, accessories among others) and nutritional products (multi-vitamins, shakes, dietary supplements). This way she can take advantage of the discounts when purchasing in bulk, causing an increase in margin per sale. In addition, she wishes to enter in the sale of nutritional products taking advantage of the current market; these products are sold easily, as people are interested in taking care of their health and figure. This way she can improve her income significantly.

Elsy dreams of strengthening her business and in the future be able to start her own Health Club located in a place where she can increase her sales and get more revenue to provide her family’s needs and give them better living conditions.
View original language description ↓
Elsy, a sus 40 años de edad, es una mujer casada y madre de dos hijos. Durante la mayor parte de su vida productiva trabajó como empleada en una empresa de apuestas, desempeñándose como vendedora de loterías y juegos de azar, después de un tiempo se independizó y se dedicó a vender tamales y embutidos de manera ambulante y adicionalmente vendía productos por catálogo, pero viendo la aceptación que tienen estos artículos decidió dedicarse de lleno a esta actividad, pues deja buena ganancia; lo que para ella significa tener mejores ingresos para aportar a la economía de su hogar. La microempresaria se caracteriza por ser una persona carismática, pujante y trabajadora, su espíritu de superación la motivan a solicitar el crédito para comprar mercancía al por mayor (cosméticos, cremas corporales, perfumería, accesorios, entre otros) y productos nutricionales (multi vitamínicos, malteadas, suplementos dietarios), de esta forma podrá aprovechar los descuentos que obtiene por compras de contado, con lo que los costos de los productos disminuyen, ocasionando un incremento en el margen de ganancia por cada venta, adicionalmente desea incursionar con la venta de productos nutricionales aprovechando la ventaja de que en el mercado actual se venden con facilidad, pues las personas se están preocupando más por cuidar su salud y la figura corporal, de esta manera podrá mejorar notablemente sus ingresos económicos. Elsy sueña con fortalecer su negocio y en un futuro poder montar su propio club de nutrición, ubicado en un local en el que pueda incrementar el nivel de ventas y percibir mejores ingresos de dinero para suplir las necesidades de su familia y así brindarles un mejor bienestar y condiciones de vida.

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
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,934.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,575 helped Elsy Dadeira to purchase merchandise at wholesale (cosmetics, body lotion, perfume, accessories among others) and nutritional products (multi-vitamins, shakes, dietary supplements).
85% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible