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Diana Marcela
Three years ago, Diana Marcela started working in cell phone repair. Her spouse taught her this work as he has been working in this area for a long time. In their region, there are very few places where cell phone repair is available, which is why Diana needs to buy an electric generator and parts to expand her business and offer better service to customers.

Upon expanding her business, Diana will improve her economic status and may also start saving money for college, as that is her big dream.
View original language description ↓
Desde hace 3 años Diana Marcela se dedica a la reparación de celulares, esta labor se la enseñó su esposo que se ha dedicado a esta labor por mucho tiempo. El la región hay muy pocos lugares donde se puede hacer la reparaciones de celulares, es por esto que Diana necesita comprar una planta eléctrica y repuestos para poder ampliar su negocio y ofrecerle mejor servicio a los clientes.

Al ampliar su negocio Diana mejorará su condición económica y además podrá reunión dinero para iniciar sus estudios universitarios ya que es su gran sueño.

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
  • 464
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,896.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Diana Marcela to buy an electric generator and cell phone parts.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2011
Listed
Feb 28, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2012