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Maria Elvira
Maria Elvira, 32, is a mother and head of household with 2 children in her care. Because she separated from her husband, Maria Elvira saw the need to return to work so that she could take on the burden of the household expenses. She started out working in a sales post selling vegetables where she managed to learn what she needed about this type of work, and later with her savings she established her own post selling vegetables in the main park of Támesis, to the southeast of Antioquia. Since then, she has been working hard with the aim of providing for her children, and providing them with the education that they need. She dreams of being able to increase her sales, of growing her business so that she can leave a legacy to her children where they can work and have economic stability. In the future she wants her children to be able to buy their own homes with their work, and so for this reason she sustains a relentless pursuit of business growth. To do this, she needs to buy vegetables to increase the inventory of her sales post and make it more attractive to customers, so that she can increase her sales and achieve a better quality of life for her children.
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A sus 32 años, Maria Elvira es una madre cabeza de familia donde tiene 2 hijos a su cargo. Debido a la separación con su esposo, Maria Elvira se vio en la necesidad de recurrir al trabajo para poder cargar con los gastos del hogar. Inició en un puesto de legumbrería donde con su trabajo logró aprender lo necesario y luego con sus ahorros montó su propio puesto de legumbres en el parque principal de Támesis, al Suroeste de Antioquia. Desde entonces ha venido trabajando fuertemente con el ánimo de sacar sus hijos adelante y poderles brindar la educación que requieren. Sueña con poder incrementar sus ventas, que su negocio crezca y dejarles un legado a sus hijos donde puedan trabajar y donde puedan encontrar una estabilidad económica. Quiere que en un futuro sus hijos puedan comprar sus propias casas con su trabajo y para eso mantiene la búsqueda inalcanzable del crecimiento de su negocio; es por esto que requiere de la compra de legumbres para incrementar el surtido de su legumbrería y hacerla más atractiva para sus clientes, de modo que incremente sus ventas y pueda lograr mejorarle la calidad de vida 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

  • $6,070
    Average annual income
  • 304
    View loans »
    Colombia Loans Fundraising
  • $13,796,725
    Funds lent in using Kiva
  • 1,942.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Maria Elvira to buy vegetables to increase the inventory of her business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2011
Listed
Jan 3, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013