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Maria Belen
Maria is a very hard worker, who along with her husband, has been able to get her family ahead. Maria is the mother of 4 children, for whom she has always wanted to provide a better quality of life. She also wants to provide them with a good education and financial stability.

Maria works with her husband in an inn, where they also have a store in which they sell all types of household products. Thanks to this, they generate the necessary income to sustain their home.

With the hopes of making their business more attractive to customers, Maria wants to make some upgrades and supply her business with more merchandise. Because she does not have enough capital to do this, Maria hopes that a loan will provide her with the opportunity to access and make the upgrades to her business and purchase household products to improve her business' supply. She hopes that her business will continue selling enough to generate income for the household, in addition to improving the quality of life of her husband and 4 children.

Maria dreams of having a large store that can offer all types of household products and be a household name which will eventually become a large supermarket.
View original language description ↓
Maria es una persona muy trabajadora que junto con su esposo ha podido sacar adelante su familia. Maria es madre de 4 hijos a quienes siempre les ha querido brindar una mejor calidad de vida, además de querer ofrecerles un buen estudio y una buena estabilidad económica. Maria trabaja junto con su esposo en su negocio que es un estadero donde además tienen una tienda donde venden toda clase de productos de la canasta familiar. Gracias a esto genera los ingresos necesarios para el sostenimiento de su hogar. Con el ánimo de hacer más atractivo su negocio para los clientes, Maria quiere realizar algunas adecuaciones locativas y surtir su negocio con más mercancía. Debido a que no cuenta con el capital suficiente para realizar esto, Maria tiene el anhelo de que un préstamo le brinde la oportunidad de acceder a realizar adecuaciones locativas a su negocio y a la compra de productos de la canasta familiar para mejorar el surtido del negocio.

Maria espera que su negocio siga vendiendo lo suficiente para poder seguir generando los ingresos para su hogar, además de que quiere mejorarles la calidad de vida a su esposo y sus 4 hijos. Maria sueña con tener una gran tienda donde pueda ofrecer todos los productos de la canasta familiar y pueda ser un referente, el cual luego se convierta en un gran supermercado.

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
  • 481
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,795.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria Belen to make upgrades and to buy household products in order to improve the range of products sold in her business.
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:
Jan 15, 2013