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Mirella Del Socorro
Mirella is 44 years old, married, and the mother of a son whom she has been tirelessly striving to get ahead.

She has been selling merchandise via catalog and got this idea out of a need to generate income to pay her household expenses; her husband had lost his job and she didn’t have any other alternative. Little by little she saved up and set up a grocery store in her home, but the sales decreased and her business shrank, but she has been able to continue with her catalog sales and continues with a small inventory. Mirella is asking for this loan so she can buy inventory in quantity (cakes, grains, soft drinks, dairy, etc.). This will allow her to strengthen her inventory and improve not only her image, but also her sales.

Mirella wants to level off both businesses, sustain her family and help her husband with the household finances. This will provide her family with a better quality of life and improve their wellbeing.
View original language description ↓
Mirella, a sus 44 años de edad, es una mujer casada y madre de un hijo por quien ha luchado incansablemente para sacarlo adelante.
Desde hace varios años se dedica a vender mercancía por catálogos, idea que surgió de la necesidad de generar ingresos para solventar los gastos del hogar, pues su esposo se había quedado sin empleo y no tenían otra alternativa; poco a poco fue ahorrando y montó una tienda de abarrotes que ubicó en la vivienda familiar; sin embargo, las ventas bajaron súbitamente y el negocio decreció, pero, con las ganancias que obtiene de las ventas por catálogo, ha logrado sostenerlo, con poco surtido, pero sigue en pie. Es por esta razón que Mirella se motiva a solicitar el apoyo del crédito, el cual destinará para la compra de surtido al por mayor (mecato, granos, gaseosas, lácteos, entre otros), esto le permitirá fortalecer sus inventarios y mejorar no sólo la imagen, sino también las ventas diarias.
Mirella sueña con equilibrar ambas actividades generadoras de recursos, pues así logra sostener su familia y apoyar a su esposo con la carga económica del hogar, brindándoles una mejor calidad de vida y bienestar.

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
  • 485
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 2,027.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $750 helped Mirella Del Socorro to stock her store.
95% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 14, 2014
Listed
Feb 16, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015