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Amparo
At 56 years of age, Amparo is considered to be an enterprising woman who has strived for several years to achieve a better quality of life. She works every day selling candy and mobile phone minutes from a booth that is equipped for operating her business. Even though she has not generated very good returns, she feels fortunate to have a business so that she can earn a living and try to get ahead.


With the hope of seeing her business grow, she plans to buy a refrigerator so that she can store her inventory. She will also invest a good amount of operating capital in the purchase of a large quantity of merchandise so that she can generate more profits and see her dream of having a better future materialize. At the moment, Amparo does not have the capital that will facilitate her progress and give her the opportunity to improve her financial situation.

View original language description ↓
A sus 56 años de edad, Amparo se considera una mujer emprendedora que lucha desde hace varios años por lograr una mejor calidad de vida, diariamente trabaja vendiendo dulces, y minutos de celular en una caseta que pudo adecuar para crear su negocio, y aunque éste no le deja muy buenas ganancias se siente afortunada por tener un negocio con el cual ganarse la vida, y al cual dedicarse para sacarlo adelante.

Con la ilusión de ver crecer su negocio Amparo sueña con comprar una nevera donde almacenar su surtido e igualmente invertir un buen capital de trabajo para comprar surtido en gran cantidad con lo que podrá generar más utilidades y paso a paso ir volviendo su sueño de tener un mejor futuro realidad. Sin embargo Amparo hoy en día no cuenta con ese capital de inversión que le facilitará su progreso y le brindará la oportunidad de mejorar su situación económica

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Amparo to purchase a refrigerator and inventory for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 11, 2011
Listed
Jul 16, 2011
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012