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Rosa Irene
Sra. Rosa is a 45-year-old mother of six children. She is an entrepreneur who decided to buy several low-priced computers and work stations so that she could start her own cybercafé. Rosa has been in business for one year. Initially Rosa did not know anything about computers, but her children helped her and taught her while she learned about this subject.


She is requesting a loan in order to buy a computer, which will improve the services she offers in her business. This will increase her earnings and improve the quality of life for her children, especially the youngest one who has colon cancer. In time, she hopes to fulfill her dreams of continuing to grow her business and seeing her son make a complete recovery.

View original language description ↓
La señora Rosa a sus 45 años de edad es madre de 6 hijos, es una emprendedora quien decide comprarle a un conocido por un bajo precio varios computadores y cabinas para iniciar su propio negocio de cibercafé, en el cual lleva un año. Inicialmente, la señora Rosa no contaba con el conocimiento sobre informática, pero sus hijos le sirvieron de apoyo y profesores mientras la señora Rosa aprendía sobre este tema. La señora Rosa requiere de la compra de un computador que le permita mejorar los servicios en su negocio, incrementar sus ingresos y mejorar la calidad de vida de sus hijos, especialmente del menor de ellos que sufre de cáncer en el colón y a su vez cumplir sus sueños de continuar creciendo en su negocio y ver que su hijo enfermo logre recuperarse totalmente.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,945.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Rosa Irene to buy a computer.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2011
Listed
Dec 3, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013