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Maricela Maria
Maricela is a person that, in spite of the great difficulties life has thrown at her, has had the strength to overcome and get on with her life. She is a single mother of three minor children; the father abandoned them after a time without contributing economically for their support. That's why Maricela has had to put forth great effort in order to handle the expenses of her household.

With the intention of improving her economic status, Maricela will open a clothing business, which will generate income for her household. In this way she'll be able to offer her children a better quality of life. She expects the loan will give her the opportunity to buy clothing to start her business, so that she can offer her customers a wide variety of products.

Maricela hopes that in this way her business will be able to move forward and that her children will be able to enjoy a better quality of life and better economic opportunities. Her dream is to have a large business where she can offer a wide variety of goods to her customers, and that she'll be able to offer jobs to people she meets in situations similar to hers, thereby improving the quality of life for other people.
View original language description ↓
Maricela es una persona que a pesar de las grandes adversidades que le ha presentado la vida, ha tenido la fortaleza para superarlas y seguir adelante con su vida. Maricela es una madre soltera de 3 hijos menores de edad a quienes su padre abandonó hace un tiempo sin aportar económicamente para su sostenimiento, por lo que Maricela ha tenido que hacer grandes esfuerzos para poder sostener los gastos que se generan en su hogar. Con el ánimo de mejorar su condición económica, Maricela montará un negocio de venta de prendas de vestir con el cual podrá generar ingresos para su hogar y así ofrecer a sus hijos una mejor calidad de vida. Maricela busca que un préstamo le brinde la oportunidad de acceder a la compra de prendas de vestir para comenzar su negocio y poder ofrecer a sus clientes una gran variedad de productos.

Maricela espera que de esta manera su negocio pueda salir adelante y sus hijos puedan gozar de una mejor calidad de vida y mayores oportunidades económicas. Maricela tiene el sueño de tener un gran negocio en el cual pueda ofrecer una gran variedad de productos a sus clientes y desde el cual pueda generar empleo para las personas que se encuentran en situaciones similares a las suyas y así poder mejorar la calidad de vida de diferentes personas.

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
  • 245
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Maricela Maria to buy clothing to start her business, so that she can offer her customers a wide variety of goods.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Apr 8, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013