Update on Claudia MariaClaudia has had to overcome many hardships in her life, but thanks to her strong work ethic and desire to get ahead, she has been able to meet those challenges and continue growing as a person. Claudia is a single mother of a 6-year-old son, and is the head of her family. She and her husband divorced some time ago, and therefore, she has to make a living to support her son. She learned computer maintenance from her ex-husband, and so she started up an internet café where she offers clients various services.
It is well known that Claudia is attentive to the needs of her customers, and that her café has a good atmosphere. She has a large client base and is very successful, since she is friendly and knows how to repair and maintain the computers and machines. Her technical knowledge allows her to keep her repair and maintenance costs down.
Claudia is requesting a loan that will allow her to purchase the necessary spare parts to repair a computer. She plans to utilize all her technical skills, but cannot complete successful repairs without the required replacement parts.
With the support from this loan she hopes to continue her business and her source of income for her family. Claudia’s dream is to grow and develop her business, and to one day buy her own house so that she can give her son a better quality of live and a better future.
De esta manera su negocio seguirá prestando un buen servicio a sus clientes y así podrá seguir teniendo unos ingresos que le garanticen una buena calidad de vida. Claudia sueña con seguir teniendo un buen negocio y que este le permita en algún momento comprar una casa propia para ofrecerle a su hijo una mayor estabilidad económica.
Previous Loan DetailsClaudia María has described herself as a persevering mother and head of family who is dedicated to her job. Claudia María, 37, has a six-year-old son and is separated from her partner, who taught her the job of computer maintenance. Having learned this work, Claudia María started an internet café… More from Claudia Maria's previous loan »
Important InformationThis 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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Success!! The loan was 100% repaid