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Omaira Estrella
With the goal of offering a better future to her children who are 10 and 15 years old, Omaira has been selling merchandise for about two years. This hardworking woman has not let herself be defeated by adversity and despite the lack of resources that has always been an obstacle for her to invest in her business; she continues to persevere in her determination to get ahead.

This is why at this moment what she most needs is economic resources to invest in a selection of merchandise and to buy a display case so that she can attract more customers thanks to the showy display she’ll be able to have.
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Con el objetivo de ofrecerles un mejor futuro a sus hijos de 10 y 15 años, Omaira se ha venido dedicando por cerca de 2 años, a la venta de mercancía.

Esta mujer trabajadora no se ha dejado vencer por la adversidad y a pesar de que la falta de recursos siempre ha sido un obstáculo para invertir en su negocio, ella sigue perseverando en su propósito de salir adelante. Es por ello, que en este momento lo que más requiere son los recursos económicos para invertir en la compra de surtido y de una vitrina, mediante la cual podrá atraer a más clientes gracias a lo llamativo de la exhibición que se propondría tener.

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
  • 467
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,860.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Omaira Estrella to buy merchandise to stock her business and a display case.
100% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 26, 2011
Listed
Oct 28, 2011
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013