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Flor Maria
Flor Maria has dedicated her whole life to caring for her husband and their 4 children. She has always been ready to help them with whatever they need, and to do this now, she generates income to contribute toward the household expenses. In this way she can improve the quality of life of her husband and their 4 children. Flor Maria has always wanted her children to have the best education possible. However, the income that she and her husband earn has not been sufficient to allow them to access the best education in their area. For this reason, Flor Maria works constantly and with a lot of care, so that her business will generate more income. This way she could provide her children with a good education.

For some time now Flor Maria has been selling merchandise through a catalog, and thanks to her good service, she has attracted a good share of the customers in her area. The disadvantage that Flor Maria faces is that many times when she sells on credit her customers are late in making their payments, because money is very tight.

Flor Maria seeks to increase her sales, so that she can provide a better education to her children. To do this, she plans to increase the variety of products that she offers to her customers. However, because some of her customers are behind on their payments, she lacks the capital she needs to purchase this additional merchandise. This is why she is requesting a loan that will allow her to make this purchase of personal care products, such as beauty products and lotions, so that she can offer more variety to her customers.

Flor Maria hopes that her sales will increase significantly, which will allow her to increase her earnings and save so that in the future her children can go to college. This will allow them to have a high-paying job in the future.
View original language description ↓
Flor María se ha dedicado toda su vida a atender lo mejor posible su esposo y sus 4 hijos. Siempre ha estado dispuesta a ayudarles en lo que requieran y por esto ahora genera ingresos para aportar a los gastos del hogar y mejorar así la calidad de vida de su esposo y sus 4 hijos. Flor María siempre ha querido que sus hijos tengan la mejor educación posible, sin embargo los bajos ingresos de su esposo y ella no les permite acceder a la mejor educación de su sector. Por esto, Flor María trabaja constantemente con más esmero, para que su negocio genere unos mayores ingresos y pueda brindarles a sus hijos una buena educación.
Flor María se dedica desde hace algún tiempo a la venta de mercancía por catálogo, y gracias a su buen servicio se ha ganado gran parte de la clientela de su sector. La desventaja que tiene Flor María es que muchas veces cuando vende a crédito, sus clientes se retrazan en los pagos que deben hacer, por lo que se ve muy escasa de dinero.
Flor María busca que su negocio aumente sus ventas, para poder brindarles la mejor educación a sus hijos, por lo que pretende aumentar la variedad de productos que ofrece a sus clientes. Sin embargo, debido a pagos atrasados por parte de sus clientes, no cuenta con el capital suficiente para realizar la compra de la mercancía, por lo que aspira a que un préstamo le permita acceder a la compra de mercancía de uso personal como productos de belleza y lociones, y pueda así ofrecer una mayor variedad a sus clientes.
Flor María aspira a que sus ventas aumenten significativamente, y de esta manera con los ingresos extras, poder ahorrar para que sus hijos puedan acceder en un futuro a una carrera de educación superior y esto les brinde la posibilidad de acceder a un trabajo bien remunerado en un futuro.

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
  • 358
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Flor Maria to buy merchandise, such as beauty products, lotions, and other items, so that she can offer more variety to her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 17, 2012
Jan 21, 2012
Currency Exchange Loss:
Feb 15, 2013