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Maria Fanny
Maria Fanny is a person known for being very hard-working and tenacious about getting ahead. Her husband died some time ago, and Maria Fanny was left a widow with four children under her care. Maria Fanny is now a single mother who is the head of the household. She dreams of being able to give her children all that they need.

Approximately 20 years ago she established her general store. It is thanks to this that she now generates the income needed to support the household expenses. Nevertheless, due to the great amount of competition that this sector has generated, Maria Fanny has seen that her sales have been diminishing. Many new stores have been established in the same area.

With the thought of increasing the variety of products that she offers her customers, Maria Fanny is looking to buy more basic, staple products that are in so much customer demand. However, Maria Fanny does not have enough capital to be able to purchase this merchandise.

That is why Maria Fanny now seeks a loan that will allow her to buy merchandise for her general store. That way she will be able to increase the variety of products that she offers her customers, and this will increase her sales.

Maria Fanny hopes that her sales increase this way. Then she will be able to give her four children the best quality of life possible, and she will be able to give them a stable financial future.
View original language description ↓
Maria Fanny es una persona que se ha caracterizado por ser muy trabajadora y luchadora para salir adelante. Hace algún tiempo su esposo murió, y Maria Fanny ha quedado viuda y a cargo de sus 4 hijos. Maria Fanny actualmente madre soltera cabeza de familia, sueña con poder brindarles todo lo que necesitan sus hijos.
Desde hace aproximadamente 20 años, montó su tienda general y gracias a esta es que hoy genera los ingresos necesarios para sostener los gastos de su hogar. Sin embargo, debido a la gran competencia que se ha generado en el sector, Maria Fanny ha visto como sus ventas se han disminuido, pues han sido muchas tiendas nuevas que han puesto en el mismo sector.
Maria Fanny, con el ánimo de aumentar la variedad de productos que ofrece a sus clientes, busca comprar más productos básicos de la canasta familiar que tanto demandan sus clientes, sin embargo, en la actualidad Maria Fanny no cuenta con el capital suficiente para poder acceder a la compra de esta mercancía. Es por esto que Maria Fanny hoy aspira a que un préstamo le permita acceder a la compra de la mercancía para su tienda general de modo que pueda aumentar la variedad de productos que ofrece a sus clientes y pueda así aumentar sus ventas.
Maria Fanny espera que sus ventas aumenten de esta manera, y así pueda brindarles a sus 4 hijos la mejor calidad de vida posible y poderles brindar un futuro económico estable.

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
  • 287
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    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 Maria Fanny to buy staple products in order to stock her general store with a greater variety of products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014