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Belén De Jesús
Belén lives with her husband and two children.

For some time now, she has sold merchandise such as small home appliances and mail order products. Her main clients are acquaintances, friends and neighbors from her neighborhood.

She works alone every day from 9:00 am to 7:00 pm. This is how she earns enough income to support her husband with the burden of the household economy. The initial motivation to start working was that some of the household expenses sometimes increase in an unpredictable manner affecting the financial stability.

She is a vibrant, active and enterprising woman who is always looking for new ways to continue expanding her business.

She is requesting this loan to buy wholesale merchandise (home appliances, cosmetics, perfumes, body lotions, face creams etc). This way she can take advantage of the discounts and sales which allow her to buy the items at a lower cost, increasing her profit margin at the time of sale, resulting in a positive economic outcome for her home.

Belén wants to keep working hard so that in the future she can fulfill her dream of having her own profitable variety store which will allow her to give her children an excellent education and better welfare for the whole family.
View original language description ↓
Belén vive con su esposo y sus dos hijos y, se dedica desde hace algún tiempo a vender mercancía como electrodomésticos pequeños y productos por catálogo, sus principales clientes son familiares, amigos y vecinos del sector donde reside, trabaja sola todos los días de 9:00 am a 7:00 pm y, de esta forma genera los recursos suficientes para apoyar a su esposo con la carga económica del hogar, que fue la motivación inicial para comenzar esta labor; ya que los gastos familiares en algunos momentos se incrementan de manera inesperada, afectando la estabilidad financiera. Es una mujer pujante, activa y emprendedora, siempre va en busca de nuevas alternativas que le permitan continuar avanzando en su negocio, por ello solicita el crédito que invertirá en la compra de mercancía al por mayor (electrodomésticos, cosméticos, perfumería, cremas corporales y faciales, entre otros), así podrá aprovechar los descuentos y las promociones que le permiten comprar los artículos a un menor costo, logrando aumentar el margen de utilidad al momento de realizar las ventas, dando como resultado un incremento favorable en la economía de su hogar. Belén quiere seguir trabajando arduamente y abrir las puertas para que en un futuro pueda cumplir el sueño de tener su propio almacén de variedades, que sea rentable y perdurable en el tiempo y que le permita ofrecer a sus hijos una excelente educación y un mejor bienestar para toda la familia.

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
  • 302
    View loans »
    Colombia Loans Fundraising
  • $13,786,300
    Funds lent in using Kiva
  • 1,916.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Belén De Jesús to buy wholesale merchandise (home appliances, cosmetics, perfumes, body lotions, face creams etc).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2014