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Angela Maria
Angela worked for 20 years as a security guard. For health reasons, she retired and decided to begin her own business selling snacks for social and school events.

However, she needs to buy more ingredients and hire someone so that she can meet her orders on time, so that her customers will be satisfied and her family's quality of life will improve.
View original language description ↓

Ángela trabajo durante 20 años como guarda de seguridad, por motivos de salud se retira y decide montar su propio negocio de refrigerios para eventos sociales y académicos.

Sin embargo, ella necesita comprar mas insumos y contratar una persona para que pueda cumplir a tiempo los pedidos y así podrá satisfacer a sus clientes y mejorar la calidad de vida de su familia.

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
  • 468
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,915.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Angela Maria buy ingredients.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Mar 5, 2011
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2011