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Miriam Maria
Miriam is a person known in her neighborhood for being very hardworking and willing to get ahead. Approximately 29 years ago she began with a small business where she was selling disposable containers. Little by little this business has grown and she has diversified the products she offers to her customers.

Miriam affirms that she is aspiring to have a very big business in which everyone has her as a reference, and this business will generate a large income for her. For the time being the business has unstable sales, so Miriam has to alternate selling disposable containers with selling ice cream. The big advantage is that Miriam does this job from home and can be on top on taking care of her family.

With the intention of facing a season in which Miriam says her sales go up considerably, Miriam needs to supply her business and buy more merchandise of disposable products. However, currently she does not have sufficient capital to do it. This is why Miriam is striving for a loan, to give her the possibility of managing to buy the disposable containers so she can be prepared for the season in which her sales go up notably.

Miriam hopes that when her income goes up she will be able to improve the quality of life of the people in her family.
View original language description ↓
Miriam es una persona que es conocida en su sector por ser muy trabajadora y dispuesta a salir adelante. Desde hace aproximadamente 29 años empezó con un pequeño negocio donde vendía recipientes desechables, y poco a poco este negocio ha ido creciendo y ha ido diversificando los productos que ofrece a sus clientes. Miriam afirma que ella aspira a tener un negocio muy grande, donde todas las personas lo tengan como referente y este negocio le genere grandes ingresos. Por el momento el negocio tiene unas ventas muy inconstantes, por lo que Miriam debe alternar la venta de recipientes desechables con la venta de helados. La gran ventaja es que Miriam desempeña esta actividad desde su casa y puede estar al tanto del cuidado de su familia.
Con el ánimo de afrontar una temporada en la que Miriam manifiesta que sus ventas se incrementan considerablemente, Miriam requiere surtir su negocio y comprar más mercancía de productos desechables, sin embargo, actualmente no cuenta con el capital suficiente para hacerlo, por lo que Miriam aspira a que un préstamo le brinde la posibilidad de acceder a la compra de la mercancía de recipientes desechables y pueda estar preparada para la temporada donde sus ventas se incrementan notablemente.
Miriam aspira a que cuando sus ingresos se incrementen, estos le permitan mejorarles la calidad de vida a las personas de su familia.

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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Miriam Maria to buy plastic containers for the season in which her sales increase.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Jan 22, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 19, 2013