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María Isabel
At 58 years of age María Isabel is a tireless fighter. She has run her own business for several years now selling all kinds of products such as clothes, perfumes, accessories, bags and many other things. She does this work as lacking gainful employment she needed to find a source of income. She started selling by order and now keeps an inventory and a variety of products in her home.

María Isabel works during the day and has the advantage of being able to count on her youngest daughter's help which means that she can simlultaneously manage her own time and spend time with her family. Maria dreams of having a very large store with an outreach and recognition in the entire city. However, nevertheless, she currently needs to buy display cabinets and counters to better display her products, making it more convenient for her customers, thus selling more and increasing her income. This is why she is currently asking for a loan with which to make this investment and thus also improve her quality of life.
View original language description ↓
A sus 58 años de edad María Isabel es una luchadora incansable que desde hace ya varios años tiene su propio negocio, vende todo tipo de productos, como lo son ropa, perfumes, accesorios, bolsos entre muchos otros, esta labor la desempeña ya que a falta de un empleo remunerado, se vio en la necesidad de conseguir una fuente de ingresos y comenzó vendiendo por engarces y ahora mantiene un inventario y variedad de productos en su hogar.

María Isabel trabaja en el día y tiene la ventaja de contar con la ayuda de su hija menor lo cual hace que pueda disponer de su tiempo y compartir en familia a la vez. María sueña con poder tener un almacén muy grande, con trayectoria y reconocimiento en toda la ciudad, sin embargo, actualmente debe comprar unas vitrinas y mostradores para exhibir mejor sus productos, brindarle mas comodidad a sus clientes, vender más y aumentar sus ingresos, por lo cual hoy solicita un préstamo, con el cual hacer esta inversión para lograr también mejorar su calidad de vida.

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
  • 250
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,870.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped María Isabel to buy display cabinets and counters to better display her products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013