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Mery Del Socorro
Mery, 44, is a mother and the head of household since she separated from her husband. She takes care of their three children. For about six years, she managed a restaurant, but sales fell sharply, which forced her to close because she didn't have the working capital to sustain the business. She is currently employed at a business, working as a food handler. Also, to complement her income, she works by selling merchandise that she offers to family, friends, and acquaintances. This allows her to pay household expenses.

Mery's humbleness, strength, and attitude of self-improvement motivated her to request her third loan to invest in buying wholesale merchandise (perfume, clothing, accessories, body cream, and more). This will allow her to stock up on the products she needs to satisfy the growing demand during the Christmas season. As a result, this will increase her economic resources so she can continue to support her family. Mery says that her main interest is to keep her business going and make it successful to provide her with stability. Then she will be able to provide her children with a better education and her family with better conditions.
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Mery, a sus 44 años de edad, es madre cabeza de hogar y desde que se separó de su esposo, ha llevado la carga económica de sus tres hijos. Hace algún tiempo tuvo un restaurante que funcionó aproximadamente 6 años, pero las ventas cayeron súbitamente obligándola a cerrar el negocio porque no poseía capital de trabajo para sostenerlo. Actualmente trabaja como empleada en una empresa, desempeñándose como manipuladora de alimentos y, para complementar los ingresos económicos, alterna su empleo con la venta de mercancía, que ofrece a sus familiares, amigos y compañeros, de esta logra solventar las necesidades de su hogar. Su humildad, pujanza y actitud de superación la motivan a solicitar su tercer ciclo de crédito para invertirlo en la compra de mercancía al por mayor (perfumería, ropa, accesorios, cremas corporales, entre otros), esto le permitirá abastecerse lo suficiente para satisfacer la demanda que aumenta en la temporada navideña, dando como resultado un incremento en la entrada de recursos económicos para continuar llevando el sustento a su familia. Mery manifiesta que su principal interés es darle continuidad a su negocio, fortalecerlo y hacerlo más rentable para que le garantice una entrada de recursos estable y así poder brindar una mejor educación a sus hijos y mejores condiciones 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.

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About Colombia

  • $11,100
    Average annual income
  • 499
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,928.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,575 helped Mery Del Socorro to buy wholesale merchandise (perfume, clothing, accessories, body cream, and more).
91% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 23, 2013
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015