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Bernarda Del Socorro
Bernarda is 63 years old, married, and the mother of three children. She had always been a stay-at-home mom and depended on her husband economically, but once her children were grown and working themselves, she took the initiative to find an activity to earn her own income. In this way she began selling merchandise such as clothing, shoes, lotions and perfumes. The first products she sold were given to her by her oldest son who lives abroad, and bit-by-bit she invested her earnings from those products into more inventory for the business. Her clientele also grew: in addition to selling to her family members and neighbors, she also had clients in the businesses where her other children work. In this manner she generated sufficient income to cover her personal expenses and to help with household expenses. She ran this business for 8 years, but because she lacked working capital, her business was interrupted.

She is currently requesting a loan to reactivate the business and purchase merchandise in bulk (blouses, jeans, shirts, tennis shoes and other shoes, perfumes, games, etc.) and to pay off the remaining balance of a current loan. This will allow her to have a wide variety of merchandise to satisfy the demand which grows in the month of December. Her advantage is that she sells the name brand products her clients like, which increases her level of earnings. Bernarda, with her perseverance, charisma and good energy hopes to continue working in her business and continue receiving income to spend as she likes. She would also like to buy an apartment in a good location to spend her old age comfortably, at the side of her husband and her sons.
View original language description ↓
Bernarda, a sus 63 años de edad, es casada y madre de tres hijos. Siempre ha sido ama de casa y dependía económicamente de su esposo pero, ya cuando sus hijos crecieron y comenzaron a trabajar, ella tomó la iniciativa de buscar una actividad para realizar y percibir sus propios ingresos y fue así como comenzó a vender mercancía como ropa, calzado, cremas corporales, perfumería, entre otros; los primeros productos que tuvo para ofrecer se los regaló su hijo mayor que vive en el extranjero y con las ganancias que obtenía fue invirtiendo y poco a poco iba creciendo el inventario y la clientela, pues además de ofrecer a sus familiares y vecinos, también tenía clientes en las empresas en las que trabajan sus otros dos hijos, de esta manera generaba los ingresos suficientes para sus gastos personales y para aportar a la economía del hogar, ella realizó esta actividad por aproximadamente 8 años, pero por falta de capital de trabajo, ésta se vio interrumpida. Actualmente solicita el crédito con el fin de reactivar el negocio y comprar mercancía al por mayor (blusas, jeans, camisas, tennis, calzado en general, perfumería, juguetería, entre otros) y cancelar el saldo de un crédito que tiene vigente; esto le permitirá tener gran variedad de surtido para satisfacer la demanda que se incrementa en la temporada decembrina, en la que sus ventas se duplican pues cuenta con la ventaja de vender productos de marcas reconocidas que a sus clientes les gusta, mejorando así el nivel de ingresos que recibe. Bernarda, con su perseverancia, carisma y buena energía desea seguir trabajando en su negocio y continuar percibiendo ingresos para darse sus propios gustos, además quiere adquirir un apartamento bien ubicado para pasar una vejez más tranquila al lado de su esposo y sus hijos.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,928.6
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,125 helped Bernarda Del Socorro to purchase merchandise in bulk and to repay a current loan.
60% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible