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Carmen Janeth
Carmen has experienced many difficulties in her life. Nevertheless, her desire to get ahead and the quality of being a hard worker have made her overcome these adversities and continue making progress in her life. Carmen is a single mother and head of the family with one child, a three year old. The child’s father never wanted to contribute to his support. Carmen had to support him on her own.

Because Carmen was not employed and was only studying, she had to abandon her studies. She had to find employment that would allow her to generate sufficient income to be able to support her son’s expenses. Carmen then learned the business activity of selling personal products like deodorants, creams, and lotions, among others, and selling clothes. She makes all of these sales through catalogs. Thanks to this she is able to generate income.

The work has served Carmen well because it gives her good income, and it does not require her to be available full time. This allows her to spend time with her son and to be able to take care of him while he is growing up. Thanks to the good service that Carmen offers, her sales have increased more and more. Thanks to this her family is able to enjoy a better quality of life.

She currently has a large clothing order from one of her customers. She needs to buy merchandise from her provider, but she does not have enough money to make this purchase. That is why she hopes that a loan will give her the opportunity to buy clothes to respond to the large order her customer has made.

Carmen hopes that this way she will be able to continue generating enough income to be able to support her son and provide him with what he needs to grow up well. Also, Carmen dreams of having a store where she would be able to offer her products to a larger clientele. This would generate income so that she would be able to enjoy a better quality of life. Carmen wants to offer her son a future, a good education, and financial stability that would allow him to have better opportunities to progress.
View original language description ↓
Carmen es una persona que ha tenido que pasar por muchas dificultades en su vida, sin embargo, las ganas de salir adelante y su cualidad de trabajadora le han hecho superar estas adversidades y seguir progresando en su vida. Carmen es una madre soltera cabeza de familia de 1 hijo de 3 años, al cual su padre nunca quiso aportar para su sostenimiento y a Carmen le tocó sostener su crecimiento por su propia cuenta. Debido a que Carmen no contaba con un empleo y apenas estaba estudiando, tuvo que abandonar sus estudios y conseguirse un empleo que le permitiera generar los ingresos suficientes para poder sostener los gastos de su hijo. Carmen aprendió entonces la actividad de la venta de productos de uso personal como desodorantes, cremas, lociones, entre otros y la venta de ropa, todo a través de catálogos, y gracias a esto puede generar sus ingresos. El trabajo le ha servido a Carmen porque este le da buenos ingresos y no requiere de la disponibilidad de tiempo completo, lo que le permite compartir tiempo con su hijo para poderle ofrecer un cuidado durante su crecimiento. Gracias al buen servicio que ofrece Carmen, sus ventas han aumentado cada vez más, y gracias a esto su familia pueda gozar de una mejor calidad de vida. Actualmente tiene un gran pedido de ropa por parte de un cliente suyo por lo que requiere comprar la mercancía a su proveedor, sin embargo, no cuenta con el capital suficiente para realizar esta compra; es por esto que tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de ropa para responder a un gran pedido que le ha hecho un cliente suyo.

Carmen espera que de esta manera pueda seguir generando los ingresos suficientes para el sostenimiento de su hijo y poder ofrecerle un buen crecimiento. Además, Carmen sueña con tener un almacén donde pueda ofrecer todos sus productos a una clientela más grande y donde le genere ingresos de los que ella pueda disfrutar con una mejor calidad de vida. Carmen le quiere ofrecer a su hijo en un futuro una buena educación y una estabilidad económica que le permita tener mejores oportunidades de progreso.

Additional Information

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.

About Colombia

  • $11,100
    Average annual income
  • 323
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Carmen Janeth to buy clothes to respond to the large order her customer has made.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 28, 2012
Mar 1, 2012
Currency Exchange Loss:
Apr 15, 2012