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Marcela Isbet
Marcela comes from a very hardworking, enterprising family. She inherited these abilities directly from her parents, and today she would like to put them to use in her life. She plans to open a minimarket that would operate like a convenience store. She has a retail space and she needs a loan in order to capitalize and start her business.

She will use this money to purchase supplies, such as products for the family shopping basket, and to purchase refrigerators and make modifications to the store, among other things. This loan will allow her to achieve her dream, and she will be able to obtain much needed resources for her family.
View original language description ↓
Marcela viene de una familia muy trabajadora y emprendedora, estas aptitudes las heredo directamente de sus padres y hoy en día desea aplicarlas para su vida.
Ella tiene el proyecto de montar un mini mercado que opere con autoservicio, ella tiene un local y necesita un apoyo económico para capitalizar e iniciar su negocio.
Este dinero lo destinara a la compra de surtido como productos de la canasta familiar, comprar enfriadores, realizar adecuaciones al local, entre otros.
Este préstamo le permitirá cumplir su sueño y podrá obtener los recursos que tanto necesita para su familia.

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
  • 153
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,902.3
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $8,150 helped Marcela Isbet to purchase refrigerators and supplies, and to make modifications to the store.
15% repaid
Repayment Term
32 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 23, 2014
Listed
Jun 25, 2014
Currency Exchange Loss:
Possible