Check out other loans that are currently fundraising!
Quenly Jhoana
Quenly, age 26, is a single mother. She has a three year old child, whom she has gotten ahead with a lot of effort. She works as an independent merchant by selling products by catalog. Her mother, who also does this work, motivated her to start. She started two years ago as a consultant for the brand that she offers. Because of her good results, they promoted her to director of the area with 45 people under her. This has allowed her to generate additional income to pay for the family’s expenses and necessities.

The reason for the loan she is requesting is to buy merchandise wholesale, especially perfume. She will do this in order to have a display of products at her house and to tend to the current orders. This will improve sales and add to her resources.

In the near future Quenly plans to set up a perfume store at a commercial location in a busy area. She knows that this type of market, even though it is very competitive, is very well-received by people. This will allow her to become a successful businesswoman. She will be able to guarantee good financial stability and a better quality of life for her son.
View original language description ↓
Quenly, a sus 26 años de edad, es madre soltera de un hijo de 3 años al que ha sacado adelante con mucho esfuerzo. Se desempeña como comerciante independiente, vendiendo productos por catálogo labor que inició por motivación de su madre que también realiza esta labor; hace 2 años comenzó como consultora de la marca que ofrece y, por sus buenos resultados escaló a la posición de directora de zona con 45 personas a cargo; esto le ha permitido generar un ingreso adicional para solventar los gastos y necesidades de su familia.
Su propósito con el crédito que solicita es comprar mercancía al por mayor especialmente perfumería, con el fin de poder tener una exhibición de productos en su casa y así atender los pedidos que le están haciendo actualmente, lo que mejorará las ventas y la entrada de recursos.
Quenly tiene planeado para un futuro cercano, el montaje de una tienda de perfumes en un local comercial, ubicado en un sector con gran afluencia de personas, pues sabe que este tipo de mercado, aunque es bastante competido, tiene muy buena acogida por las personas, esto le permitirá convertirse en una empresaria exitosa y podrá garantizarle a su hijo una estabilidad financiera favorable y 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,802,650
    Funds lent in using Kiva
  • 1,933.3
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,050 helped Quenly Jhoana to buy merchandise wholesale, especially perfume.
67% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 25, 2013
Currency Exchange Loss:
Possible