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Gloria Cecilia
Gloria Cecilia decided to become a micro-entrepreneur so that she could cover the household expenses, improve the quality of life for herself and her family, and offer her children the opportunity to study at the university. Since her husband learned how to repair watches, she decided to take advantage of this and begin offering her customers various accessories.

At the moment, Gloria needs a loan to buy more accessories and silver jewelry so that she can increase her inventory and gradually improve her earnings.

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Aportar a cubrir los gastos del hogar y buscar mejorar su calidad de vida y la de su familia, así como ofrecerle a sus hijos la oportunidad de estudiar en la universidad son los motores que impulsaron a Gloria Cecilia a convertirse en microempresaria, de su esposo aprendió el oficio de arreglar relojes y debido a su habilidad para vender empezó a ofrecerle a sus clientes accesorios de fantasía.

Actualmente Gloria necesita de un préstamo para comprar más accesorios de fantasía y plata con el fin de aumentar su inventario y mejorar así sus ingresos para crecer poco a poco.

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
  • 357
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Gloria Cecilia to purchase accessories and silver jewelry to restock her inventory.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 14, 2011
Jun 19, 2011
Currency Exchange Loss:
Jul 15, 2012