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Adriana
Adriana is known for her drive, energy and dedication to family. She is passionate about crafts. For over 12 years she has been running a shop selling women's clothing and accessories. It is located on the main street of the town where she lives and she works every day with a part-time employee. She sells handbags, necklaces, earrings, shoes and clothing. She makes some of the products herself and buys other semi-finished items which she sends off to artisans in the area. She has been able to make enough income to help her husband cover household expenses and provide for their two children.

Her goal is to strengthen her business through the loan. She will use it to buy wholesale supplies and finished products (chains, beads, brooches, blouses, jackets, handbags, etc.). This will allow her to continue her work and offer a variety of products to satisfy her customers. It will also improve her profit margin.

Adriana, 46, has plans to open more shops in the area and in neighboring towns in order to increase her profitability and give her family a better quality of life.
View original language description ↓
Adriana se ha caracterizado por ser una mujer pujante y activa, dedicada a su familia y apasionada por su labor de artesana.
Desde hace más de 12 años tiene un almacén de venta de ropa y accesorios para dama, ubicado en una calle principal del municipio donde reside, allí trabaja todos los días y cuenta con una empleada de medio tiempo, ofrece bolsos, collares, aretes, calzado y prendas de vestir, algunos productos los elabora ella misma, otros los compra hechos y algunos los manda a maquilar con los artesanos de la región; de esta forma ha logrado generar ingresos suficientes para apoyar a su esposo con la carga económica del hogar y dar sustento a sus dos hijos.
Su propósito es fortalecer cada vez más su negocio y encuentra en el préstamo el apoyo que requiere para lograrlo. El dinero lo invertirá en la compra de insumos y mercancía terminada al por mayor (cadenas, pedrería, broches, blusas, chaquetas, bolsos, entre otros), esto le permitirá dar continuidad a su labor y ofrecer más variedad de artículos para satisfacer los gustos de sus clientes, mejorando así el margen de ganancia por venta realizada.
Adriana, a sus 46 años de edad, se proyecta para el futuro, abriendo más almacenes en la región y los municipios aledaños con el fin de lograr mayor rentabilidad y así brindar mejor calidad de vida a su grupo familiar.

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
  • 140
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,987.1
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,525 helped Adriana to buy wholesale supplies and finished products (chains, beads, brooches, blouses, jackets, handbags, etc.).
37% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2013
Listed
Jan 24, 2014
Currency Exchange Loss:
Possible