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Beatriz Elena
Beatriz is a persistent married woman who has two children, ages 16 and 24. In light of economic problems, after being exclusively a homemaker for many years she decided on other income opportunities to help support her family. She contacted a sister-in-law who had been working in catalogue sales for several years and learned that job. Currently she has a lot of clients, which entails a commitment to buying more products.

Beatriz is requesting the loan to set up her own store and buy more merchandise (beauty products, hair products, skin products, etc.) so she can provide her loyal customers with quality products and excellent service.

The result of all this will be to achieve her dream and improve her income and her family's quality of life
View original language description ↓
Doña Beatriz una mujer con tenacidad, casada, tiene dos hijos de 16 y 24 años, siendo muchos años solamente ama de casa y en vista de dificultades económicas optó por otras oportunidades de ingresos para apoyar en el sustento familiar, se contactó con una cuñada quien llevaba varios años como vendedora de productos a través de catálogos, ella aprendió dicha labor y en la actualidad posee muchos clientes, pero ello conlleva a tener más compromisos con los pagos y la adquisición de muchos productos, por esto doña Beatriz está solicitando dicho crédito para colocar un local propio y comprar surtido (productos de belleza, para el cabello, la piel, y más) y poder llevar a sus fieles clientes productos de calidad y prestarles así un excelente servicio. Todo esto dando como resultado cumplir su sueño y mejorar sus ingresos y calidad de vida tanto para ella como para 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 498
    View loans »
    Colombia Loans Fundraising
  • $14,967,400
    Funds lent in using Kiva
  • 2,043.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,225 helped Beatriz Elena to buy beauty products, hair products, skin products, and other merchandise.
91% repaid
Repayment Term
24 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2014
Listed
Mar 2, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015