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Estefanía
Estefanía is an enterprising and energetic young woman of 22, who after finishing her high school studies dedicated herself to seeking employment in order to generate income. But because of lack of work experience, and not having a university education, it was impossible for her to find work. For this reason, approximately three years ago she started her business, selling fast food in the area where she lives.

She works every day from 3:00 p.m. to 8:00 p.m, and this way has managed to generate the necessary resources to contribute to the household finances. For the purpose of building up her business, she is requesting the help of the loan to buy supplies at wholesale (bread, cold cuts, sauces, disposables, soft drinks and other items) and undertake site improvements (fix the stove). This will allow her to have supplies available for meeting her business's current demand. In addition she will be able to meet health requirements and avoid future penalties. She will formalize her business little by little and be able to give it a better appearance, which will attract the attention of passersby.

Estefanía, with her spirit of self-improvement and her drive has as her main goal for the near future to better organize her business. She wants to build it up and position it in the market, offering a greater variety of food, and having greater profitability so that she can improve her family's living conditions and well-being.
View original language description ↓
Estefanía es una joven emprendedora y activa de 22 años de edad, que, luego de culminar sus estudios secundarios se dedicó a buscar empleo para generar ingresos, pero por la inexperiencia laboral y por no tener estudios universitarios le fue imposible emplearse; por ello, hace aproximadamente 3 meses comenzó su propio negocio, vendiendo comidas rápidas en el sector donde reside, trabaja sola todos los días de 3 a 8 pm; así ha logrado generar los recursos necesarios para aportar a la economía del hogar.
Con el ánimo de fortalecer su negocio, solicita el apoyo del crédito para comprar surtido al por mayor (panes, carnes frías, salsas, desechables, gaseosas, entre otros) y realizar mejoras locativas (arreglar la cocina), esto le permitirá tener disponibilidad de insumos para atender la demanda actual de su negocio, además podrá cumplir con las exigencias de sanidad y evitará sanciones futuras; así acreditará poco a poco su negocio y podrá dar una mejor imagen al establecimiento, lo que llamará la atención de los transeúntes.
Estefanía, con su espíritu de superación y su empuje, tiene como propósito principal para un futuro cercano, poder organizar mejor su negocio, fortalecerlo y posicionarlo en el mercado, ofreciendo más variedad de alimentos y así tener mayor rentabilidad para mejorar las condiciones de vida y bienestar en su familia.

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.

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About Colombia

  • $11,100
    Average annual income
  • 483
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,923.7
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped Estefanía to buy stock at wholesale (bread, cold cuts, sauces, disposables, soft drinks and other items) and undertake site improvements (fix the stove).
91% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 26, 2013
Listed
Dec 28, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015