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Diana Milena
Diana is an enterprising woman who, at 33, wishes to start her own business. The idea is coming from the need to generate income for her livelihood and from the difficulty of finding work. The establishment will be located in her place of residence, in a space adequate for her goal, it will offer basic goods: rope, beer, soda, among other things but to meet her goal she is asking for the support of the loan. With it she wants to buy two tables, chairs, a cooler, a display case, shelves, wholesale supplies (rope, dairy products, meat products, soda, beer, cookies, candy, pasta, brown sugar, etc), make changes in the store (painting and installing shelves) and paying for the labor to paint and install the shelves.

This is how she will be able to start her productive project and will start to earn the needed income to support herself and economically support her family. Diana knows that be able to get ahead her in project she will have to work with tenacity, dedication and discipline. This is how she will advance toward accomplishing her main dream which is to improve her quality of life with the profitability that her business brings, each day making it stronger so that it is long-lasting.
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Diana es una mujer emprendedora que, a sus 33 años de edad desea iniciar su propio negocio, la idea surge de la necesidad de generar ingresos para su sustento y de la dificultad para conseguir oportunidades de empleo. El establecimiento estará ubicado en su lugar de residencia, en un espacio que adecuó para tal fin, allí ofrecerá productos de la canasta familiar, mecato, cervezas, gaseosas, entre otros pero para lograr su objetivo solicita el apoyo del crédito con el que desea comprar dos mesas, sillas, un enfriador, una vitrina, estanterías, surtido al por mayor (mecato, lácteos, cárnicos, gaseosas, cervezas, galletería, dulces, pastas, panela, entre otros), realizar adecuaciones locativas (pintura e instalación de estantes) y pagar la mano de obra de la pintura y la instalación de estanterías; de esta manera podrá dar inicio a su proyecto productivo y comenzará a percibir los ingresos necesarios para su sustento y para apoyar económicamente a su familia. Diana sabe que para lograr sacar adelante su proyecto debe trabajar con empeño, dedicación y disciplina, de esta forma podrá avanzar hacia el cumplimiento de su principal sueño que es mejorar la calidad de vida con la rentabilidad que le brinde su actividad y cada día fortalecerlo más para que sea perdurable en el tiempo.

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

  • $11,100
    Average annual income
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    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 $2,600 helped Diana Milena to buy two tables, chairs, a cooler, a display cabinet, shelves, wholesale supplies (rope, dairy products, meat products, soda, beer, cookies, candy, pasta, brown sugar, etc), make changes in the store (painting and installing shelves) and paying for the labor to paint and install the shelves.
71% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 30, 2013
Listed
Dec 1, 2013
Currency Exchange Loss:
Possible