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Sandra Patricia
Sandra is a mission with a vision towards the future and progress. She is always looking out for her family’s well-being.

She wishes to start a carpentry, upholstery, and cabinetmaking business. She will be taking advantage of the fact that her husband is trained in this line of work. She feels prepared to offer the best service and quality.

She has a place that is currently under construction. That is where she plans to set up her business.

She is requesting financial support to buy some supplies for production. She will buy things like fittings, canvas, wood, glue, and dyes. This will allow her to undertake her project and to be independent.

She has always been very hard-working. She previously sold products by catalog.

Her desire is to be able to fund her business and to get it ahead with her husband. They will be increasing their income and providing a better quality of life for their three small children.

One big advantage is that it is the only one of this type of business in the area. This will give them the opportunity to be very competitive.
View original language description ↓
Sandra es una misión con visión hacia al futuro y el progreso, buscando siempre el bienestar de su familia.
Ella desea iniciar con un negocio de carpintería, tapicería y ebanistería aprovechando que su esposo se capacito en este oficio y se siente preparado para ofrecer el mejor servicio y calidad.
Ella posee un local que actualmente se encuentra en construcción y es allí donde planea montar su negocio.
Solicita un apoyo económico para comprar algunos insumos para su producción como herrajes, lonas, madera, pegantes y tintes, esto le permitirá emprender con su proyecto y ser independiente.
Ella siempre ha sido muy trabajadora, pues anteriormente se desempeñaba como vendedora de productos por catalogo.
Su anhelo es poder acreditar su negocio y sacarlo adelante al lado de su esposo, aumentando sus ingresos y brindándoles una mejor calidad de vida a sus tres hijos pequeños.
Una gran ventaja es que es el único negocio de ese tipo en el sector, esto les dará la oportunidad de ser muy competitivos.

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

  • $6,070
    Average annual income
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,943.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,550 helped Sandra Patricia to buy production supplies.
34% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2014
Listed
May 9, 2014
Currency Exchange Loss:
Possible