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Karen is 25 years old and an enterprising woman. She is a mother to a seven month old baby, and she is an independent businesswoman. After her separation from her ex-husband, she faced a long period of financial problems. However, she was able to overcome the situation and, today, she makes a living working for a business and also selling merchandise independently - she sells clothes and accessories, small electrical appliances, school materials, toys, and more. With this work, Karen is able to cover household costs and look after her young daughter. With care, with a strong will, and perseverance, Karen has been able to achieve her self-imposed goals. She is now applying for a loan in order to buy merchandise (clothes, small electrical appliances and toys) in bulk so that she can stock up for the fast-approaching Christmas season, when her sales and income usually increase. With this stock, Karen will be able to satisfy her customers' needs and tastes and continue to work. Karen wants to keep progressing in both her job and with her business. She is putting in the effort to save up in order to achieve her dream of owning her own house. With a house, Karen can offer her baby more financial stability and can enjoy a higher quality of life.
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Karen es una mujer emprendedora con 25 años de edad, madre de una bebé de 7 meses de nacida y comerciante independiente. Luego de la separación con su ex esposo, se vio afectada por una crisis económica larga y difícil, sin embargo supo sobrellevar la situación y hoy en día se dedica a trabajar como empleada en una empresa, además alterna su empleo con la venta de mercancía de manera independiente, ofreciendo artículos como ropa y accesorios, electrodomésticos pequeños,útiles escolares, juguetería, entre otros, de esta forma ella genera los ingresos para solventar las necesidades de su hogar y para velar por el bienestar de su pequeña hija. Su esmero, empuje y perseverancia le han permitido lograr los objetivos que se propone, por ello, solicita el crédito para comprar mercancía al por mayo (ropa, electrodomésticos pequeños, juguetería) con el fin de abastecerse para la temporada de navidad que se aproxima, en la que sus ventas e ingresos tienden a incrementar, así podrá satisfacer los diversos gustos y necesidades de sus clientes, mientras realiza sus labores. Karen desea seguir avanzando con ambas actividades, pues se empeña en generar un ahorro programado para cumplir el sueño de adquirir su casa propia, en la que le pueda brindar una estabilidad económica a su bebé y disfrutar de mejor calidad de vida.

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
  • 234
    View loans »
    Colombia Loans Fundraising
  • $17,829,100
    Funds lent in using Kiva
  • 1,884.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Karen to buy merchandise (clothes, small electrical appliances and toys) in bulk.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Sep 30, 2013
Nov 2, 2013
Currency Exchange Loss:
Feb 20, 2015