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Maria Eugenia
Maria is well-known in her sector for the good customer service she offers at her general store, where she offers all kinds of products for the family shopping basket. She started her business approximately ten years ago when she inherited from her mother the locale where the store is set up. It is in a very good location and because of the quality of her products, Maria has been able to attract many customers. This has allowed her to have a high sales volume and give her family a better quality of life. Since the number of customers has been growing, their needs have also increased and Maria is requesting a loan to buy more essential products. She wants to stock the store well and meet all her customers' needs.

Maria hopes her monthly income will not be affected by purchasing essential products, so she can continue giving her family a quality lifestyle. Maria dreams of having a good enough income to be able to save so she can enjoy a more stable economy in the future.
View original language description ↓
Maria es una persona que es reconocida en su sector gracias a la buena atención que ofrece en su negocio, el cual es una tienda general en la que ofrece toda clase de productos de la canasta familiar. El negocio lo inició hace aproximadamente 10 años gracias a que su madre le heredó el local donde tiene ubicada su tienda, el cual cuenta con muy buena ubicación para ser un referente para sus clientes. Con la buena calidad de sus productos, Maria ha podido captar un gran número de clientes, lo que le ha permitido tener muy buenas ventas que le permiten ofrecer a su familia una muy buena calidad de vida. Debido a que su tienda ha ido creciendo en clientes, a su vez han venido creciendo las necesidades de los mismos, por lo que Maria busca que un préstamo le brinde la posibilidad de acceder a la compra de productos de la canasta familiar con el ánimo de surtir su negocio y atender todas las necesidades de sus clientes.

Maria espera que de esta manera sus ingresos mensuales no se vean afectados por la compra de los productos de la canasta familiar, y le pueda seguir ofreciendo a su familia una buena calidad de vida. Maria sueña con tener buenos ingresos que le permitan ahorrar y poder ofrecerse en un futuro una 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

  • $6,070
    Average annual income
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Maria Eugenia to buy essential goods and stock her store to meet customer needs.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 22, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012