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Monica Patricia
Monica currently works in a casino where work schedules are very extreme and this has been causing her emotional and family problems which is why she wants to leave her job and start tending to a business she wants to start.

Monica has a girlfriend who sells personal use items via catalogue and she’s taught her how. Monica will start her own business selling clothes and personal use products via catalogues. In this way, Monica hopes to work much more comfortable work schedules that will allow her to have a better quality of life and family stability. Because of this Monica is looking for a loan to buy the personal use items and articles of clothing to start her business.

Monica hopes to change her business and start to have a more stable life generating income with a better job. Also, Monica hopes in this way to have better family relations which will lead to a better quality of life.
View original language description ↓
Monica actualmente trabaja en un casino, donde los horarios de trabajo son muy extremos y esto le ha venido trayendo algunas dificultades emocionales y familiares, por lo que ahora quiere dejar su trabajo y dedicarse a atender un negocio que quiere montar. Monica tiene una amiga que ofrece productos de uso personal a través de catálogos, y ahora que ella le ha enseñado, Monica iniciará su propio negocio de venta de prendas de vestir y productos de uso personal a través de catálogos. De esta manera, Monica espera trabajar en horarios mucho más cómodos y los cuales le brinden la oportunidad de tener una mejor calidad de vida y pueda ofrecer una mejor estabilidad familiar. Por esto, Monica busca que un préstamo le brinde la oportunidad de acceder a la compra de productos de uso personal y prendas de vestir para comenzar su negocio.

Monica espera cambiar su negocio y seguir teniendo una vida más estable y generando los ingresos con un mejor empleo. Además, Monica espera que de esta manera pueda tener una mejor convivencia con su familia y esto la lleve a tener 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
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,761.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Monica Patricia to buy personal use items and clothes to start her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Mar 21, 2012
Apr 9, 2012
Currency Exchange Loss:
Oct 20, 2013