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Blanca Nidia
After having worked for some of her family members in different businesses, Blanca decided to set up her own store selling basic household products. One of the advantages of her store is that it is located in her home. This allows her to look after her children and provide them with more attention.

Bearing in mind the fact that the end of the year is approaching, Blanca needs a loan to buy different products which will allow her to improve her sales.
View original language description ↓
Después de trabajar para algunos familiares en diferentes negocios, decidió crear su propia tienda de venta de productos de la canasta familiar, una de las ventajas de su tienda es que ésta se encuentra ubicada en su casa, lo que le ha permitido estar al frente de sus tres hijos para brindarles mayor atención.

teniendo en cuenta que se aproxima la temporada de fin de año, Blanca necesita de un préstamo para comprar diferentes productos que le permitan mejorar sus ventas.

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
  • 300
    View loans »
    Colombia Loans Fundraising
  • $13,967,850
    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 Blanca Nidia to buy more merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012