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Maria Isabel
María has always been known as a person who has great charisma and a lot of empathy for children. This was why she decided to set up her own business where she takes care of children and offers them education and nourishment when their mothers require a substitute mother during a big part of the day. María is recognized by the government institution that provides for the care and protection of children, and thanks to this she has had recognition.

Her home child care center is located in her house, where she has two large rooms to take care of the children.

Because the government institution that gives her the backing to do her job has required her to make some improvements, María is looking that a loan will give her the opportunity to make improvements to her home child care center to continue having the backing.

María hopes that in this way she will continue running her child care center and be able to continue caring for the children who need to be with a person who takes care of them for a large part of the day because of their mothers' jobs. In addition, María hopes that she will continue being recognized among the people of her area so she will have more customers for her business.

María dreams about having a large kindergarten with a greater number of children and being able to continue working with childhood as she always has wanted.
View original language description ↓
Maria es una persona que siempre se ha caracterizado por tener un gran carisma y siempre tener una gran empatía con los niños, y fue por esta razón que decidió montar su negocio donde cuida y ofrece educación y alimentación a los niños que por los oficios de sus madres requieren de una madre sustituta durante gran parte del día. Maria tiene el reconocimiento de la entidad del estado que brinda por el cuidado y protección de los niños y gracias a esto ha tenido un gran reconocimiento. Su hogar infantil lo tiene ubicado en su casa donde tiene dos grandes salones para cuidar los niños. Debido a que la entidad estatal que le ha dado el aval para realizar la actividad, le ha exigido realizar algunas mejoras locativas, Maria busca que un préstamo le brinde la posibilidad de acceder a realizar mejoras locativas en su hogar infantil para seguir teniendo el aval de la entidad del estado que le permite realizar su actividad.

Maria espera que de esta manera siga operando su hogar infantil y pueda seguir cuidando los niños que por los oficios de sus madres requieren de una persona que les brinde la atención durante gran parte del día. Además, Maria espera que de esta manera siga teniendo un reconocimiento entre las personas de su sector y esto le haga tener mayores clientes para su negocio. Maria sueña con tener un gran jardín infantil con un mayor número de niños y poder seguir trabajando con la niñez que siempre ha querido.

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
  • 138
    View loans »
    Colombia Loans Fundraising
  • $12,792,775
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Maria Isabel to make improvements on her home child care center to continue having the support of the government institution that allows her to do her job.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2012
Listed
Apr 4, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013