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Nidia has been a very hardworking person all her life because she comes from a family with little economic capacity. Thanks to this important quality in her life, Nidia has been able to get ahead in life to such an extent that she now finds herself married and the mother of a son. With her husband, Nidia took a store that they’ve both been working at for a year. Thanks to it they earn the necessary income to cover household expenses. Nidia has always wanted her son to have the best possible education but her low income has not allowed her to offer this.

Nidia faces a large inconvenience because her store does not have a tent over it to protect it from the rain so that every time it starts to rain she has to close the store so that it won’t fill up with water. Hoping that this situation can change, Nidia is seeking a loan that will allow her to buy a tent to cover the store and protect it from the rain so that she doesn’t have to close every time it rains. Nidia states that this way her income will increase considerably because she’ll have the store open more hours per day and thanks to its good location people will relate to it and lead to its better positioning in her sector.

Nidia hopes that with the increase in her income she’ll be able to improve her current quality of life and be able to save so that she can reach her dream in the future of providing her son with the best possible education so that he can get a job that will generate more income than what she earns in the store.
View original language description ↓
Nidia ha sido una persona muy trabajadora durante toda su vida debido a que proviene de una familia que no tiene una gran capacidad económica. Gracias a esta cualidad tan importante en su vida, Nidia ha podido salir adelante en la vida, a tal punto que actualmente se encuentra casada y es madre de un hijo. Con su esposo, Nidia tomó una tienda en la cual trabajan desde hace un año, y gracias a esta obtienen los ingresos necesarios para sostener los gastos de su hogar. Nidia siempre ha querido que su hijo pueda tener la mejor educación posible, pero por sus bajos ingresos no le ha podido obsequiar esto.
Nidia tiene un gran inconveniente en su tienda y es que no tiene una carpa para taparse de las lluvias, por lo que cada vez que comienza a llover debe cerrar su negocio para que no se le llene de agua. Con el ánimo de que esta situación cambie, Nidia busca un préstamo que le permita comprar una carpa para tapar su negocio de las lluvias y no tener que cerrar cada vez que llueva. Nidia manifiesta que de esta manera sus ingresos aumentarán considerablemente debido a que tendrá su negocio abierto durante más horas al día, y gracias a la buena ubicación del mismo las personas lo tendrá como referencia y se podrá posicionar en su sector.
Nidia espera que con el incremento de sus ingresos, pueda mejorar su calidad de vida actual y poder ahorrar para que un futuro pueda cumplir el sueño de brindarle a su hijo la mejor educación posible y que de esta manera pueda obtener un trabajo que le genere más ingresos que los que genera ella en su negocio.

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
  • 378
    View loans »
    Colombia Loans Fundraising
  • $16,230,175
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Nidia to buy a tent to protect herself from the rain.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 11, 2012
Jan 19, 2012
Currency Exchange Loss:
Oct 17, 2012