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Maria Viglenice
Maria has been through many hardships in her life; nevertheless, her drive to get ahead in life has allowed her to overcome them and continue progressing in her life. Maria is a single mother with 6 children, and she has always searched for ways to give them a good quality of life. The father of her children abandoned them a long time ago without contributing anything to the household income. Maria had to earn her own income while being in charge of the care of her children.

She had the idea of selling personal use products such as lotions, creams, deodorants, and other products out of her home. Thanks to this business, she can earn an income. Maria is well recognized in her region because of the good customer service she offers her clients, which has allowed her to gain a large number of customers.Some of them put in orders for large quantities of merchandise. Maria wants to take out a loan to buy products for personal use in order to fill a customer’s larger order.

Maria hopes that her business’s sales will continue increasing and that she will be able to continue offering her children a good quality of life. Her dream is to have a large business that would create jobs and provide her with a lot of income, which she would use to give her kids a good education and send her older kids to college.
View original language description ↓
Maria es una persona que ha atravesado por muchas adversidades en su vida, sin embargo, sus ganas de salir adelante le han permitido superarlas y continuar progresando en su vida. Maria es una madre soltera cabeza de familia de 6 hijos, a quienes siempre les ha buscado brindar una buena calidad de vida. Debido a que el padre de sus hijos los abandonó hace un tiempo sin contribuir económicamente a los ingresos para su hogar, Maria tuvo que generar sus propios ingresos y al mismo tiempo estar pendiente del cuidado de sus hijos menores. De allí le surgió la idea de vender desde su casa productos de uso personal como lociones, cremas, desodorantes, entre otros y gracias a esto genera sus ingresos. Maria es muy reconocida en su región gracias a la buena atención que presta a sus clientes, y por esto ha podido captar gran cantidad de clientes y algunos de ellos le hacen pedidos de su mercancía en grandes cantidades. Debido a que un cliente le ha hecho un pedido de una gran cantidad de sus productos, Maria busca un préstamo que le permita acceder a la compra de productos de uso personal para atender un gran pedido que le ha hecho un cliente.

Maria espera que su negocio siga aumentando las ventas y pueda seguir ofreciendo a sus hijos una buena calidad de vida. Maria sueña con tener un gran negocio donde pueda generar empleo y le genere grandes ingresos, con los cuales pueda brindarles la oportunidad a sus hijos de acceder a una educación de calidad y a los mayores el acceso a una educación universitaria.

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
  • 394
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Viglenice purchase products for personal use to fill a customer’s large order.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 8, 2012
Mar 2, 2012
Currency Exchange Loss:
Oct 17, 2012