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Miryam
Miryam is working hard to support her family. She has operated a corner grocery store for about 5 years. Her brother started the business and she worked for him there, only taking over the business after he died. Miryam works hard to make the store pay, both to support her mother who can no longer work and to share with her husband the family's other expenses. Miryam and her husband have 2 children and she wants to provide for them in every way she can. Miryam's mother owns the building where they operate the store, so she doesn't have any rent-related expenses. Even so, there's never been any money to properly stock the store and it's barely scraping by. Miryam is applying for a loan so that she can buy the merchandise she needs to grow the business. She wants to stock the store with both the everyday products her customers need and with other products that the might want. She expects the investment to bring in more customers and, in turn, increase her sales. Miryam's goal for the future is to open a larger store. She wants to increase her income and provide work for the people she would hire. Her greatest hopes are that her mother enjoy good health and that her family have a steady income and a better quality of life.
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Miryam es una persona muy trabajadora y dedicada a su familia. Desde hace 5 años aproximadamente, Miryam tomó el trabajo de la tienda general, que anteriormente era trabajado por su hermano y este falleció, desde entonces Miryam es la que debe responder por el sostenimiento de su madre que es mayor de edad y por esto atiende su tienda con el ánimo de generar los ingresos necesarios para el sostenimiento de su madre y para aportar en a su esposo con los ingresos de su hogar. Miryam es casada y tiene un hijo de 2 años, a los cuales siempre les ha querido brindar lo mejor posible. Miryam busca que su madre pueda tener un buen bienestar y que su hijo y su esposo puedan tener mayores oportunidades. La tienda general en la cual Miryam trabaja tiene la ventaja de que no tiene que pagar arriendo, pues el local donde funciona es propiedad de su madre. Sin embargo, por la falta de capital si ha visto como su negocio se ha ido viendo con poca mercancía, por lo que actualmente requiere surtir el negocio; es por esto que Miryam tiene la esperanza en que un préstamo le brindará la oportunidad de acceder a la compra de productos de la canasta familiar y poder tener un mayor surtido de productos para ofrecer a sus clientes. Miryam espera que con este préstamo sus ventas aumenten considerablemente, pues podrá atender más necesidades de sus clientes. Miryam sueña con poder tener un gran negocio que le genere grandes ingresos y en el cual pueda generar empleo. Además, Miryam sueña con que su madre pueda gozar de un mejor bienestar y que su esposo y su hijo puedan obtener una estabilidad económica.

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
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,814.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Miryam to stock her general store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 27, 2012
Listed
Feb 5, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013