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Mery De Jesus
Mery D. Jesús bought a store a year ago, where she works with her oldest son. Through her business she wants to improve her income and quality of life.

Her husband has health problems and is no longer able to work, so it’s she who supports the household through her store.

She wants to improve her selection, now that business has been welcomed in the neighborhood. This will also allow her to have a better income and be able to help her husband with his health issues.
View original language description ↓
Mery D. Jesús desD. hace un año compra una tienda donD. trabaja con su hijo mayor, ella con su negocio quiere mejorar su calidad D. vida y sus ingresos económicos.

Su esposo ya no trabaja debido a sus problemas D. salud, por esto Mery es quien hoy sostiene su hogar con la tienda.

Ella quiere mejorar el surtido ya que su negocios ha sido muy acogido en el barrio, además así pueD. tener mejores ingresos para apoyar a su esposo en la salud D. él.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,260,325
    Funds lent in using Kiva
  • 1,758.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mery De Jesus to stock her store.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Aug 1, 2011
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2011