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Lucía Del Socorro
Lucía del Socorro V. J.'s smile shows the happiness she puts into life, although for her it hasn't been easy to be a mother and head of household in a family with 3 children. Her striving, dedication, and eagerness to get ahead have allowed her to work hard to improve her and her family's quality of life.

Lucía struggles tirelessly and many years ago she got to know the temporary employment, lottery, liquor and wholesale merchandise law. This enterprising woman started various jobs with the purpose of getting ahead with her family.

Later, Lucía opened a hardware store where she works from 12:00 p.m. to 12:00 a.m. Although her day is long, Lucía is convinced that this is the only way she can accomplish her dream of having a hardware store known not only in the neighborhood, but in the city as well. In this way, she will offer a good future to her family.

At present, this enterprising woman needs a loan to buy a variety of products and to buy cell phones that will allow her to increase the sale of minutes that will bring in more income.
View original language description ↓
La sonrisa de Lucía del Socorro V. J. demuestra la felicidad que le impone a la vida y aunque para ella no ha sido fácil por ser madre cabeza de familia de 3 hijos, su dedicación, esfuerzo y ganas de salir adelante le han permitido trabajar fuertemente para mejorar su calidad vida y la de su familia.

Lucía lucha incansablemente y desde hace muchos años conoció la ley del rebusque; chance, licor y mercancía al por mayor, fueron algunas de las labores que esta emprendedora inició con el propósito de salir adelante con su familia.

Después Lucía se hizo a una cacharrería en la que trabaja desde las 12:00 del día hasta las 12:00 de la noche y aunque su jornada es larga, Lucía está convencida de que sólo así se cumplirá su sueño, tener una gran cacharrería que no sea reconocida sólo en el barrio sino también en la ciudad y así ofrecerle un buen futuro a su familia.

Actualmente esta emprendedora requiere de un préstamo para comprar surtido y comprar celulares que le permitan incrmentar la venta de minutos que le generarán mayores ingresos.


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

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Lucía Del Socorro to buy a variety of products for her hardware store and to buy cellphones to sell minutes.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2011
Listed
Apr 27, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012