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Amanda
At 63 years of age, this woman, who has a great entrepreneurial spirit, supports her household and would like to move forward in her business by purchasing more stock. She needs a loan to invest in candies, snacks and general merchandise. Her short-term dream is to expand her business or rent premises where she can better serve her customers. She would like her sales premises to be near her home so that she can continue carrying out her duties as a grandmother and housewife.
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A sus 63 años de edad, esta mujer con gran espíritu de empresaria sostiene su casa y quiere seguir adelante con la compra de más surtido para el negocio por lo que requiere el préstamo para invertirlo en dulces, snak y mercancía general. Su sueño más cercano es poder ampliarse o alquilar un local donde pueda atender mejor a los clientes y que le quede cerca de su casa para seguir con sus labores de abuela y ama de casa.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,480,775
    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 Amanda to buy candies, snacks and general merchandise to stock her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2011
Listed
Oct 29, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2012