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Sandra
Sra. Sandra and her husband have a hardware store where she works as a salesperson. On occasion, she acts as the manager. It is a family business and she remains active at her work on behalf of her children.

Sandra and her husband want to take advantage of a business opportunity that has been offered to them, which is to open a paint shop next to the hardware store. She says that it will be a very profitable business because she has been in the area for a long time and her family is known for providing good service and quality products.

Sandra is well-prepared and has already laid out the foundation that is needed to start this new venture in which she has placed a great deal of faith. She is requesting a loan in order to buy shelving, do some remodeling and improvements to the shop, and to purchase a stock of paints of different brands. This new business will favorably impact her finances and increase her sales.
View original language description ↓
En compañía de su esposo, la señora Sandra trabaja en una ferretería como vendedora y en ocasiones como administradora, es un negocio familiar y trabaja activamente por sus hijos.
Ella desea aprovechar una oportunidad de negocio que le ofrece su esposo y consiste en el inicio de una tienda de pinturas al lado de la ferretería de su esposo. Manifiesta que será un negocio muy rentable ya que ya llevan mucho tiempo en la zona y son reconocidos por su buen servicio y calidad de productos.
Ella es una mujer muy preparada y tiene todas las pilas puestas para emprender con este nuevo proyecto en el cual tiene mucha fe.
Ella solicita ayuda para la compra de estanterías, realizar mejoras y adecuaciones al local y comprara surtido de pinturas en diferentes marcas.
Este nuevo negocio impactara favorablemente su economía y aumentara las ventas.

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
  • 561
    View loans »
    Colombia Loans Fundraising
  • $14,903,600
    Funds lent in using Kiva
  • 1,890.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,250 helped Sandra to buy shelving, make improvements, and acquire inventory for the paint shop located next to her existing hardware store.
36% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 28, 2014
Listed
Jul 2, 2014
Currency Exchange Loss:
Possible