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Mari Sol
Mari has had a clothing store for approximately one year.

She started selling her clothes to relatives and coworkers informally. She decided to dedicate herself completely to this project following the separation from her husband and ending their relationship. She was on her own with two children without any means of support.

Mari was forced to take responsibility for her home and move forward with her children who are the driving force of her life.

She is requesting a loan to purchase display cases, design advertisements and increase her inventory. This will allow her to attract more customers to her business. She will offer them a greater variety of products, increasing her sales and positively affecting her income.

Her biggest dream is to be able to buy her own home where she can live calmly with her children.
View original language description ↓
Mari tiene un almacén de ropa desde hace aproximadamente 1 año.
Inicio vendiendo sus prendas a familiares y compañeros de trabajo de manera informal pero decidió dedicarse de pleno a este proyecto a raíz de la separación que tuvo con el que era su esposo que al terminar su relación la dejo sola con sus dos hijos y sin ninguna reserva para su sostenimiento.
Fue así como mari se vio obligada a tomar toda la responsabilidad de su hogar y salir adelante con sus hijos los cuales son el motor de su vida.
Ella solicita un crédito para comprar vitrinas, un exhibidor, realizar el diseño de la publicidad y aumentar su inventario de productos. Esto le permitirá atraer más clientes a su negocio y podrá ofrecerles más variedad de productos, aumentado así sus ventas y afectando positivamente sus ingresos.
Su mayor sueño es poder comprarse una vivienda propia en la cual puedan vivir tranquilamente ella y sus hijos.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 487
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,938.0
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,100 helped Mari Sol buy display cases, design advertisements and increase her inventory.
88% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 27, 2014
Listed
May 4, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014