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Diana María
Diana is 36 years old and has worked as an independent merchant for several years. She started doing manicures and pedicures for her friends and neighbors and later she got the opportunity to set up in commercial space in the city center. There she also started selling merchandise via catalog and clothing to order. She visits her customers, doesn’t have a set working schedule, and the location serves as both a store and an office. She is asking for a loan to buy merchandise in quantity (perfume, jeans, blouses, jackets, shoes, catalog items, and other things) so she can have a greater variety to offer to her customers, and increase her sales over the Christmas season. She wants to take advantage of the fact that her products are of good quality and inexpensive, which makes her work easier and increases her income. Diana wants to continue working with dedication and enthusiasm. She knows that the future is in her hands and she wants to have a home of her own and strengthen her business, making it more permanent. This will guarantee that she will have stable resources and enjoy a better quality of life.
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Diana, con 36 años de edad, trabaja como comerciante independiente desde hace varios años, inició realizando manicure y pedicure a sus amigos y vecinos, posteriormente se le presentó la oportunidad de ubicarse en un local comercial en el centro de la ciudad y allí comenzó a vender mercancía por catálogo y ropa por encargos. Actualmente visita personalmente a sus clientes, por lo que no tiene un horario de trabajo establecido y, el local cumple la función de bodega y oficina. Solicita el apoyo del crédito para invertirlo en la compra de mercancía al por mayor (perfumería, jeans, blusas, chaquetas, zapatos, productos por catálogo, entre otros), así podrá tener mayor variedad para ofrecer a sus clientes y aumentar sus ventas en la temporada de navidad, aprovechando la ventaja de que los productos que ofrece son de muy buena calidad y económicos, haciendo más fácil su labor e incrementando su nivel de ingresos. Diana desea seguir trabajando con empeño y dedicación, pues es consciente de que en sus manos está su futuro, en el que anhela tener su casa propia y fortalecer su negocio, dándole permanencia en el tiempo; lo que le garantizará una entrada estable de recursos para aportar al sostenimiento del hogar y disfrutar una mejor calidad de vida.

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

  • $6,070
    Average annual income
  • 292
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,933.7
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Diana María to buy merchandise.
60% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2013
Listed
Dec 10, 2013
Currency Exchange Loss:
Possible