Cindy at 26 years old works in a business that she started approximately a year ago, it's a store where she sells imported clothes from China, accessories and other articles. She started to sell these products through the internet in different social media, and slowly made herself of clients. She works from Monday to Sunday from 10:00 am to 6:00 pm and with this activity she has generated sufficient resources to afford the basic needs of her family. She is a very active woman, dynamic and has an entrepreneurial spirit that has take her to achieve the objectives she sets, she is currently wishing to start a new project, as she wishes to start a boutique coffee shop, with the intention to have additional income; for this reason she requests a loan to buy chairs, tables and make space adaptations, this way she will be able to start her new productive project with which she hopes to get better income. Cindy dreams to make her business grow and in the future be able to have more locations, but knows that to achieve this she has to work with determination, dedication and discipline, this will be key to continue progressing and have a better quality of life.
Cindy a sus 26 años de edad se dedica a trabajar en un negocio que inició hace aproximadamente 1 año, es un almacén donde vende ropa importada desde China, accesorios y otros artículos. Ella comenzó vendiendo los productos por medio de internet con las diferentes redes sociales y poco a poco fue adquiriendo clientela. Trabaja de Lunes a Domingo de 10:00 am a 6:00 pm y con esta actividad ha generado los recursos suficientes para solventar las necesidades básicas de su familia. La cliente es una mujer activa, dinámica y tiene un espíritu emprendedor que la ha llevado a lograr los objetivos que se propone, actualmente desea iniciar un proyecto nuevo, pues desea incursionar con un café boutique, con la intensión de complementar sus ingresos; por esta razón solicita el crédito para comprar sillas y mesas y, adicionalmente realizar adecuaciones locativas, así podrá dar inicio a su nuevo proyecto productivo con el que espera percibir mejores ingresos. Cindy sueña con hacer crecer su negocio y en un futuro poder abrir más sucursales, pero sabe que para lograrlo debe trabajar con mucho empeño, dedicación y disciplina, esto será clave para poder seguir progresando y tener una mejor calidad de vida.
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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.
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.