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Leidy Johana
Sra. Leidy is a homemaker and mother of a four-year-old child. At 21 years of age, Sra. Leidy wants to start her own business of selling fast food since she has knowledge in this area. She wants to contribute financially to her household so that she can provide a better well-being for her son and husband. Her idea is to sell from a vending cart that will be set up on the sidewalk outside of her home where she can sell every night of the week.


In order to start her business, Sra. Leidy needs to buy a vending cart for selling this type of food and the supplies for preparing her dishes. Her dream is to have her own restaurant so that she can provide her son an excellent education.

View original language description ↓
La señora Leidy es una ama de casa madre de un hijo de 4 años de edad, a sus 21 años la señora Leidy desea emprender su propio negocio de venta de comidas rápidas puesto que tiene conocimiento en esta área con el fin de apoyar económicamente en su hogar y brindarle un mejor bienestar a su hijo y esposo. La idea de la señora Leidy es adecuar en el exterior de su casa (en la acera) un carro de venta de comidas todos los días en las noches. La señora Leidy necesita para iniciar su negocio de la compra del carro para vender este tipo de comidas y los insumos para prepararlas. El sueño de la señora Leidy es tener su propio restaurante y brindarle a su hijo una excelente educación.

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
  • 526
    View loans »
    Colombia Loans Fundraising
  • $14,939,450
    Funds lent in using Kiva
  • 1,930.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Leidy Johana to purchase a food cart and supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2011
Listed
Dec 17, 2011
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2012