Funded

Total loan: $250

Katy Julieth

Corozal, Colombia / Retail

A loan helped to buy inventory like personal hygiene products, hair care products, and other supplies.

Katy Julieth's story

Katy is 29 years old. She is married, has 1 child, and lives in the municipality of Corozal. She is a dreamer who loves to move about the commercial sector. She has her own hair salon product business, and she sells merchandise from her own home. She wants to be a great businesswoman. Nonetheless, before that, she would like to be more prepared to make her business grow more. She is asking for a loan to buy inventory like personal hygiene products, hair care products, and other supplies she needs to provide a wide variety to her customers. Support this dreamer and lend to her now.

Translated from Spanish by Kiva volunteer Ellen Donohue. View original language description.

Katy tiene 29 años, se encuentra casada, tiene 1 hijo y vive en el municipio de Corozal. Es una mujer soñadora a la que le encanta moverse en el sector comercial, tiene su propio negocio de venta de sala de belleza y venta mercancía en su propia casa, quiere ser una gran emprendedora. Sin embargo, antes de hacer eso, quiere prepararse más para hacer que su negocio pueda crecer más. Solicita un préstamo para compra de inventario como: productos de aseo personal, de cuidado para el cabello y otros insumos que necesita para ofrecer gran variedad a su clientela. Apoya a esta mujer soñadora y préstale ahora.

This loan is special because:

It helps internally-displaced people in Colombia rebuild and sustain their livelihoods.

More about this loan

By supporting this loan, you're helping internally-displaced people in the rural, post-conflict regions of Colombia develop their businesses and provide for their families. Currently, 15% of Colombia's population has been displaced by the civil war and does not have access to financial services. This loan helps low-income, displaced Colombians restart their lives and integrate into their new communities.

About Interactuar:

If this loan is structured on Kiva as a bullet loan (which means a single payment is required at the end of the loan term), it is because Interactuar sometimes has to offer borrowers loans with a variable interest rate that fluctuates with the market rate. In these cases, 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.