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Rosa Maria
Rosa is a person who has always been characterized as wanting to provide her family with a good quality of life. That is why she makes an effort every day to get ahead and to earn an income for her home. She is married and the mother of one son whose university education she is currently paying for.

Rosa decided to start a fast food business a while ago in order to contribute financially to her home. She has been able to establish herself in the sector thanks to good service and the fine quality of her food. Because of very good sales, she has also created employment for a very needy person who lacks other job opportunities. She hopes to generate more jobs in the future.

With the goal of continuing to run her business, Rosa aspires that the loan will enable her to buy ingredients to prepare her fast food. In this way she expects that her business will continue to grow and generate very good sales so that she will be able to provide her son with a university education. Rosa dreams of having a large business where she can generate more employment for the most needy people, while providing her family a better quality of life and greater economic stability.
View original language description ↓
Rosa siempre ha sido una persona que se ha caracterizado por querer ofrecer a su familia una buena calidad de vida, es por esto que se esfuerza diariamente en su trabajo para poderlo sacar adelante y generar ingresos para su hogar. Rosa se encuentra casada y es madre de 1 hijo, a quien actualmente le está pagando la educación universitaria. Rosa, con el ánimo de contribuir económicamente a su hogar, decidió montar desde hace un tiempo un negocio de comidas rápidas, el cual se ha consolidado en su sector gracias a la buena atención que ofrece y a la buena calidad de sus productos. Debido a que sus ventas han sido muy buenas, Rosa ya genera un empleo para una persona que es muy necesitada y no tuvo oportunidades laborales, y espera en un futuro generar más puestos de trabajo. Rosa con el ánimo de seguir atendiendo su negocio, aspira a que un préstamo le brinde la oportunidad de acceder a la compra de insumos para la preparación de sus comidas rápidas.

Rosa espera que de esta manera su negocio siga creciendo y siga teniendo muy buenos niveles de ventas, para poder ofrecerle a su hijo el acceso a una educación universitaria. Rosa sueña con tener un gran negocio donde genere mayor empleo para las personas más necesitadas y desde el cual puede ofrecerle a su familia una mejor calidad de vida y una mejor estabilidad económica.

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,777.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Rosa Maria to purchase supplies to prepare her fast food.
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:
Oct 17, 2012