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Diana Maria
Diana is a person who despite her young age has had to go through various adversities in life. Just 29 years old and she’s a single mother head of household with a 6-year-old son because she was widowed when her husband died some time ago.

Diana is a teacher in a town and thanks to this activity is able to contribute income for the home. However, since her husband died she’s seen how her savings have dwindled down and she’s had to make the choice of taking on another job in addition to teaching.

Diana wants to start selling personal use items, an activity she learned previously when she did it to pay for her studies. Diana hopes that with this new activity she can generate higher income because she will teach classes for a few hours a day and she can use the rest of her time to sell merchandise.

Aiming to stock her business in order to sell products to her customers, Diana wants to buy personal use products but does not have sufficient capital to make these purchases which is why she hopes for a loan that will make it possible for her to buy personal use products like creams, shampoo and accessories, among other to have more merchandise to offer her customers.

Diana hopes that with this new activity in addition to her teaching she will be able to generate new income for her home and offer her 6-year-old son a better quality of life and access to a quality education.
View original language description ↓
Diana es una persona que a pesar de su corta edad, ha tenido que pasar por diferentes adversidades en su vida. Con 29 años de edad, es una madre soltera cabeza de familia de 1 hijo de 6 años, debido a que quedó viuda pues su esposo murió hace un tiempo. Diana es una profesora de su municipio y gracias a esta actividad contribuía a los ingresos de su hogar, sin embargo, desde que murió su esposo ha visto como los ahorros se han disminuido y ha tenido que tomar la decisión de iniciar un nuevo trabajo. Con el ánimo de conseguir un trabajo alterno a la educación, Diana desea empezar a vender productos de uso personal, actividad que ha aprendido gracias a que anteriormente pagaba sus estudios con esta actividad. Diana espera que con esta nueva actividad, pueda generar mayores ingresos, pues en unas horas del día estará dictando clases y la otra parte del tiempo lo utilizará vendiendo mercancía.

Diana, con el ánimo de surtir su negocio para poder ofrecerles los productos a sus clientes, desea comprar productos de uso personal, sin embargo, no cuenta con el capital suficiente para realizar estas compras por lo que espera que un préstamo le brinde la oportunidad de acceder a la compra de productos de uso personal como cremas, shampoo, lociones, accesorios, entre otros, y poder así tener mercancía para ofrecerle a sus clientes.

Diana espera que con esta nueva actividad alternada a su actividad como profesora pueda generar nuevos ingresos para su hogar, y poder ofrecerle a su hijo de 6 años una mejor calidad de vida y el acceso a una educación de calidad.

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
  • 467
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Diana Maria to buy merchandise to resell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Feb 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013