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Maria Elena
Maria is a person who has always been known to be very charismatic, which has helped her win the affections of a great number of people and improve their quality of life. Maria had a dream of being able to help people from other towns who wanted to study in her city, and got the opportunity by finding a place where she could house people at much lower rates than community hotels. In this way Maria opened up her home by renting out some rooms to out-of-towners with few resources who came to her city for a better education. Thanks to this activity, Maria has generated income to contribute to the household finances and offer her three children and her husband a better quality of life while at the same time improving the quality of life and providing better opportunities to others as well. In addition to this activity, Maria also sells personal-use products via catalog, which earns her extra income for her family. With the goal of doing her work more productively, Maria is requesting a loan so she can purchase household appliances that will make her job easier. Maria hopes that in this way she can increase her productivity and tend to a greater number of people, so she can grow her profits and also make an impact in more people's lives. Maria dreams in the not-too-distant future she can start up her own restaurant and provide employment to people in need while also improving her family's quality of life.
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Maria es una persona que siempre se ha caracterizado por tener un gran carisma, el cual le ha permitido ofrecerles a las demás personas una mejor calidad de vida y el cual le ha permitido ganarse el afecto de una gran cantidad de personas. Maria tenía el sueño de poder brindarles a las personas de otros municipios que querían estudiar en su municipio, la oportunidad de encontrar un lugar donde se pudiesen hospedar con tarifas mucho más bajas a las que se encuentran en los hoteles comunes. De esta manera Maria abrió su hogar comenzó a alquilar algunas habitaciones de su vivienda para personas con muy bajos recursos de otros municipios que buscaban en su municipio una mejor educación. Gracias a esta actividad, Maria genera ingresos con los cuales contribuye en su hogar a la generación de ingresos y de esta manera les ofrece a sus 3 hijos y su esposo una mejor calidad de vida, al mismo tiempo que le mejora la calidad de vida y le ofrece mayores oportunidades a las demás personas. Además de esta actividad, Maria también ofrece productos de uso personal a través de catálogo, lo que le permite tener ingresos extras con los que puede ofrecer más a su familia. Con el ánimo de hacer sus labores de manera más productiva, Maria busca que un préstamo le brinde la posibilidad de acceder a la compra de electrodomésticos con los cuales pueda hacer su trabajo más productivo.

Maria espera que de esta manera pueda tener mayor productividad y poder atender a un mayor número de personas, de modo que sus ingresos aumente y también impacte la calidad de vida de más personas. Maria sueña con en un futuro no muy lejano montar su propio restaurante y poder generar empleo par las personas más necesitadas y desde el cual le pueda ofrecer a su familia una mejor calidad de vida.

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
  • 497
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Maria Elena to purchase appliances to increase her productivity.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2012
Listed
Apr 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013