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Maria Rubiela
María Rubiela is an enterprising woman. As a young girl, she learned from her grandmother how to make different dishes such as traditional empanadas, chicken pot pies, and yellow corn cakes. Some of these dishes are a struggle to prepare. María took advantage of this knowledge to start her own business selling these products from her home.


Since that time, she has been able to support her family. Her sales allow her to contribute toward the household expenses. At the moment, María needs a loan to buy a deep fryer, a cooler, and some basic supplies used in preparing her products. This will allow her to be more efficient in her work so that she can improve the quality of her dishes and increase her sales.

View original language description ↓
María Rubiela es una mujer emprendedora que desde pequeña aprendió a realizar diferentes productos alimenticios al lado de su abuela; la tradicional empanada, el pastel de pollo y las arepas de chócolo son algunos de los productos que esta luchadora sabe elaborar, conocimiento que aprovechó para empezar con su propio negocio, una venta de estos productos en su casa.

Desde entonces este ha sido un apoyo para la familia, pues sus ventas contribuyen a cubrir los gastos del hogar. Actualmente, necesita de un préstamo para comprar una fritadora, una nevera y algunos insumos básicos para elaborar sus productos, lo que le permitirá agilzar los procesos, realizar mayor cantidad de productos y así 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
  • 176
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,941.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Maria Rubiela to buy a deep fryer, a cooler, and basic supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2012