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Paola Andrea
At her 26 years of age, Paola is the single mother of a 4-year old son. She works very hard to get him ahead. She makes her living working as an independent businesswoman. She sells pastries that she makes herself. Paola learned the trade from her father, who worked as a baker all of Paola's life. As a hobby and out of a love for baking, Paola took classes at a baking school. She improved her knowledge of baking and perfected her technique. Paola saw baking as a good source of income, which was in line with her plans for the future and her desire to get ahead. She started promoting her products on social media. Paola works from home making cupcakes, deserts, cakes and other advance-order items. Through this work, she generates enough income to support her household. Nevertheless, she wants to set up her business in a commercial space which she has already rented. Paola needs the help of the loan to purchase her fixed assets (display cabinets, a mixer, kitchen utensils, an oven, a refrigerator and other items), raw materials (flour, sugar, margarine, eggs, milk and other items) and to make some improvements to the space. Then she will be able to kick off her project. She hopes to get to know the market and increase her sales.
Paola is an active and determined woman. She intends, in the future, to stand out in her field by strengthening her business and opening pathways to other points of sale. All this would guarantee her favorable financial stability so she could offer her son a better sense of well-being and a better quality of life.
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Paola, a sus 26 años de edad, es madre soltera de un hijo de 4 años, a quien ha sacado adelante con mucho esfuerzo. Se dedica a trabajar como comerciante independiente, vendiendo productos de repostería que ella misma elabora, aprendió la actividad junto a su padre, quien se ha desempeñado como panadero durante toda su vida y, por hobby y amor a esta actividad, tomó clases en una escuela de repostería para mejorar sus conocimientos y perfeccionar su técnica, pero con su proyección y el ánimo de salir adelante, vio en esta labor una buena fuente de ingresos por lo que comenzó a promocionar sus productos por medio de las redes sociales en internet, trabaja desde su casa, elaborando cupcakes, postres, tortas y otros productos por encargo, de esta forma genera los recursos suficientes para llevar el sustento a su hogar; sin embargo, desea emprender su negocio en un local comercial que ya tiene arrendado pero, requiere el apoyo del crédito para comprar los activos fijos (vitrinas, batidora, utensilios de cocina, horno, refrigerador, entre otros), materia prima (harina, azúcar, margarina, huevos, leche, entre otros) y realizar mejoras locativas, así podrá dar inicio a su proyecto productivo con el que espera dar a conocerse en el mercado y aumentar sus ventas.
Paola es una mujer activa y perseverante y se proyecta para un futuro logrando un reconocimiento en el medio, fortaleciendo su negocio y abrirse camino para montar otros puntos de venta, que le garanticen una estabilidad económica favorable para brindar a su hijo un mejor bienestar y calidad de vida.

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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,931.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $5,200 helped Paola Andrea to purchase fixed assets (display cabinets, a mixer, kitchen utensils, an oven, a refrigerator and other items), raw materials (flour, sugar, margarine, eggs, milk and other items) and to make some improvements to her commercial space.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 15, 2013
Listed
Dec 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2014