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Melissa
Melissa, only 19 years old, has been dedicated for some time to managing her own business, selling fried food that she offers from a moving cart. This work came from the need to generate income to support her home since after completing her high school education she didn't have the economic resources to pay for university education and additionally, it was difficult to find work with a company due to her lack of work experience. As a result, she dedicated all her time to her small business. Her drive, entrepreneurial spirit and projection toward achieving her goals motivate her to keep fighting tirelessly. Thus she is motivated to request her first loan cycle with the desire to make improvements to her stall (paint the cart) and to buy ingredients at wholesale (potatoes, bananas, sauces, lemon, oil). This will allow her to offer a better image to her business that changes the perception of passersby and they can become potential customers increasing her sales and the profit margin she earns. In this way, Melissa wishes to keep working hard to achieve her dream of expanding her business to generate better income which will give her the opportunity to pay for university education and become a professional, which to her means having a better quality of life and wellbeing.
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Melissa, con tan sólo 19 años de edad, se dedica hace algún tiempo a atender su propio negocio, una venta de alimentos fritos que ofrece en un carrito ambulante; esta actividad surgió de la necesidad de generar ingresos para aportar a la economía de su hogar, pues luego de culminar sus estudios secundarios, ella no tenía los recursos económicos para pagar estudios universitarios y adicionalmente era difícil emplearse en una empresa debido a la falta de experiencia laboral, por lo que se dedicó tiempo completo a su pequeño negocio. Su empuje, actitud emprendedora y su proyección hacia el cumplimiento de sus metas la motivan a seguir luchando incansablemente, por lo que se motiva para solicitar su primer ciclo de crédito con el que desea realizar mejoras a su puesto de trabajo (pintar el carro ambulante) y comprar insumos al por mayor (papas, plátanos, salsas, limón, aceite), esto le permitirá ofrecer una mejor imagen al negocio que cambie la percepción de los transeúntes y que estos puedan convertirse en clientes potenciales, aumentando así sus ventas y el margen de ganancias que obtiene. De esta manera Melissa desea seguir trabajando arduamente para llegar a cumplir el sueño de ampliar su negocio para generar mejores ingresos que le den la oportunidad de pagar sus estudios universitarios y convertirse en una profesional; lo que para ella significa poseer una mejor calidad de vida y 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.

About Colombia

  • $11,100
    Average annual income
  • 465
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,932.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Melissa to make improvements to her stall (paint the cart) and to buy ingredients at wholesale (potatoes, bananas, sauces, lemon, oil).
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 22, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014