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Maria Aracelly
Maria is a person who is known for being very hard-working and for managing to overcome, with a great desire to get ahead, the adversities that have presented themselves in her life. At her 50 years of age Maria is a single mother and head of her family with two children. One of them is studying at the university. Thanks to Maria’s dedication to her work they are able to pay.

Maria has always wanted to be able to offer her children a good quality of life. From the moment her husband died she had to work in order to be able to generate the income needed to support her household. Maria sells ice cream during the day. At night she takes out a fast food cart. This way she is able to generate enough income to offer her children a good education and a good quality of life.

Thanks to Maria’s service she has been able to get a good number of customers, which has made it possible to have very good sales. Maria is seeking a loan with the intention of stocking her ice cream sales business with more products to offer her customers . The loan will give her the opportunity to buy ice cream to stock her business with a variety of products to offer her customers.

Maria hopes that her monthly income does not suffer and that she will be able to improve her business, making it more attractive for her customers. Also, Maria dreams of giving her children a better quality of life and of her youngest son finishing his university education.
View original language description ↓
Maria es una persona que se ha caracterizado por ser muy trabajadora y lograr superar las adversidades que le ha presentado la vida con sus ganas de salir adelante. A sus 50 años de edad, Maria es una madre soltera cabeza de familia de 2 hijos de los cuales 1 se encuentra estudiando en la universidad, la cual gracias a la dedicación por el trabajo de Maria pueden pagar. Maria siempre ha querido poder ofrecerles a sus hijos una buena calidad de vida, y desde el momento en que murió su esposo tuvo que trabajar para poder generar los ingresos necesarios para el sostenimiento de su hogar. Maria se dedica a la venta de helados (ice cream) durante el día, y en las noches saca un carro de comidas rápidas, y de esta manera puede generar los ingresos suficientes para poder ofrecerles a sus hijos una buena educación y una buena calidad de vida. Gracias a la buena atención de Maria, ha podido captar una buena cantidad de clientes, lo que ha hecho posible tener muy buenas ventas. Con el ánimo de surtir su venta de helados (ice cream) con un mayor surtido de productos para ofrecer a sus clientes, Maria busca que un préstamo le brinde la oportunidad de acceder a la compra de helados (ice cream) para surtir su negocio con una mayor variedad de productos para ofrecer a sus clientes.

Maria espera que sus ingresos mensuales no se vean afectados y pueda seguir mejorando su negocio de modo que sea más atractivo para sus clientes. Además, Maria sueña con poder ofrecerles a sus hijos una mejor calidad de vida y a su hijo menor el terminar la 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

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Maria Aracelly to buy ice cream to stock her business with a variety of products to offer her customers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013