Check out some available loans that are similar to this one!
Sandra Patricia
Sandra is a single mother and head of household for 2 children; the father of her sons died some time ago, leaving her solely in charge of generating income for the home. Thanks to the fact that she is a hard worker, Sandra has been able to generate enough money to support her children. Upon her husband’s death, Sandra inherited the school vehicle that he drove. She continued driving this vehicle in order to generate revenue for the family. Because of health problems, Sandra had to stop driving and hire someone else to do it instead. This, however, did not generate the same level of income because she had to pay the person a salary. Sandra had to find a second job in order to support herself and her children. Because Sandra is still charged with maintaining the vehicle, she must guarantee that it is working properly. For this reason, she finds herself seeking a loan that will afford her the opportunity to make repairs to the motor for the school vehicle that generates her income.

Sandra hopes to, in this manner, continue receiving the income generated by this vehicle and continue offering her 2 children a good quality of life. Sandra dreams of providing financial stability for her kids and giving them access to a quality education.
View original language description ↓
Sandra es una madre soltera cabeza de familia de 2 hijos, pues el padre de sus hijos falleció hace un tiempo y ella quedó encargada de los ingresos de su hogar. Sandra, gracias a que tiene la cualidad de ser muy trabajadora ha podido generar los ingresos suficientes para el sostenimiento de sus hijos. Sandra recibió del fallecimiento de su esposo el vehículo de transporte escolar que este manejaba, por lo que ella siguió operando este vehículo durante un tiempo para generar los ingresos para su hogar. Debido a problemas de salud, Sandra tuvo que dejar de manejar el vehículo y consiguió quién se lo trabajara, pero como ahora ya no recibía los mismos ingresos del vehículo de transporte, pues debía pagar el salario de quien lo manejaba, Sandra tuvo que conseguir un segundo empleo para poder sostener los gastos de su hogar. Sandra, como todavía es la encargada del mantenimiento del vehículo de transporte, debe garantizar el óptimo funcionamiento del mismo; es por esto que ahora que se encuentra averiado busca un préstamo que le brinde la oportunidad de acceder a la reparación del motor del vehículo de transporte escolar con el cual genera sus ingresos.

Sandra espera que de esta manera pueda seguir generando los ingresos que provienen de este vehículo y pueda seguir ofreciéndoles a sus 2 hijos una buena calidad de vida. Sandra sueña con que sus hijos tengan una buena estabilidad económica y con que puedan acceder a una educación de buena 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
  • 387
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Sandra Patricia to repair the engine of her school transportation vehicle which generates her income.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Jan 30, 2012
Mar 1, 2012
Currency Exchange Loss:
Jun 20, 2013