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Bercelly Del Socorro
Bercelly is a single mother who heads her family of two children as their father left them some time ago. This means that Bercelly must support her children in all their expenses and guarantee them a good quality of life. Bercelly previously received financial support from her children's father but some time ago she stopped receiving this support. For this reason, she would now like to set up a business selling vegetables with the aim of making enough income to support her household. She would like to equip part of her home for her vegetable store so that she can be there for her children. As she doesn't have enough capital to set up her business, she hopes to receive a loan which will give her the opportunity to buy vegetables and some shelving in order to start out.

Bercelly hopes that she will be able to guarantee her income and improve her current living conditions. She would also like to be able to offer her two children a better quality of life and better opportunities to make progress. She dreams of her children having a good-quality education and becoming professionals who are known for their humanity.
View original language description ↓
Bercelly es una madre soltera cabeza de familia de 2 hijos, pues su padre los abandonó hace un tiempo, por lo que Bercelly les debe garantizar el sostenimiento de todos sus gastos y garantizarles una buena calidad de vida. Bercelly anteriormente recibía un apoyo económico del padre de sus hijos, pero de un tiempo para acá este apoyo no lo volvió a recibir. Es por esto que ahora Bercelly quiere montar una venta de legumbres con el ánimo de poder generar los ingresos suficientes para el sostenimiento de su hogar. Bercelly quiere adecuar en una parte de su vivienda la legumbrería, para poder estar así al pendiente de sus hijos. Debido a que Bercelly no cuenta con el capital suficiente para el montaje de su venta de legumbres, aspira a que un préstamo le brinde la oportunidad de acceder a la compra de legumbres y una estantería para montar su venta de legumbres.

Bercelly espera que de esta manera pueda garantizar sus ingresos y pueda mejorar su condición de vida actual, a la vez que poder ofrecerles a sus 2 hijos una mejor calidad de vida y mejores oportunidades de progresar. Bercelly sueña con que sus hijos accedan a una educación de calidad y puedan ser grandes profesionales y reconocidos por su calidad humana.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Bercelly Del Socorro to buy vegetables and a shelving unit.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2012
Listed
Mar 1, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013