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Gloria Rosmira
Gloria worked for many years at a business, which closed not long ago. She has been unemployed since. She took bookbinding classes and started a business from home, offering book and manuscript binding and photocopying services. Her sister helps her get new customers. The income from this business is enough to support Gloria and her two children, ages 17 and 14.

In order to complete several orders, Gloria needs supplies such as spiral binding, laminated covers and a bookshelf to organize her work. Gloria's dream is to have a separate store location for her business and to be able to provide her children with a good education.
View original language description ↓
La señora Gloria trabajó por varios años en una empresa, la cual hace poco fue liquidada y con este acontecimiento la señora Gloria quedo sin empleo, por esta razón, tomo clases de encuadernación y gracias a su hermana quien le consiguió clientes pudo iniciar su actividad desde su casa de encuadernación de libros, trabajos escritos y fotocopias. Con esta labor, puede generar los ingresos para cubrir las necesidades básicas de ella y sus dos hijos de 17 y 14 años de edad, con el ánimo de cumplir varios pedidos que tiene, la señora Gloria necesita de la compra de materia prima tal como argollado, pastas de protección para libros y moldes y una estantería para acomodar su trabajo. El sueño de la señora Gloria es tener su propio local y brindarle una buena educación a sus hijos.

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
  • 1,938.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Gloria Rosmira to buy bookbinding supplies and a bookshelf.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 14, 2011
Listed
Dec 22, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013