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Maria Estella
Maria is a hardworking individual who has had to overcome many adversities in her life so that she could continue making progress alongside her family. Her husband and three children have been instrumental in providing the support and the motivation she needs to work diligently at her business every day.


Maria has managed a general store for approximately 30 years. She offers basic household products, sodas, and snacks. Her store is a source of income by which she is able to maintain the household expenses. Maria and her husband previously managed the business together, but some time ago her husband suffered serious health problems and she was left in charge of looking after the store. Thanks to her business, Maria has been able to provide her three children with a good education and a good quality of life. She is always looking after and growing her business, and now her sales have increased considerably. This loan gives her the opportunity to buy household products, sodas, and snacks so that she can restock her store and continue increasing her sales.


With the help of this loan, Maria's business can continue to grow and her earnings will increase considerably. Her family will be able to enjoy a better quality of life and have better opportunities to make progress.

View original language description ↓
Maria es una persona muy trabajadora que ha logrado superar muchas adversidades en su vida para continuar progresando junto a su familia, para lo cual sus 3 hijos y su esposo han sido fundamentales en el apoyo que le han brindado y así tiene la motivación para trabajar fuertemente en su negocio todos los días. Maria tiene una tienda general desde hace aproximadamente 30 años, en la cual ofrecen productos de la canasta familiar, gaseosas y snack, y esta ha sido la fuente de ingresos para el sostenimiento de los gastos de su hogar. Anteriormente la tienda la atendían entre Maria y su esposo, pero hace un tiempo su esposo viene sufriendo de graves problemas de salud por lo que es ella quien se hace a cargo de la atención de la tienda. Gracias a su tienda general Maria ha logrado ofrecerles a sus 3 hijos una buena educación y una buena calidad de vida, por lo que siempre busca cuidarla y que siempre crezca, es por esto que ahora que sus ventas vienen aumentando considerablemente, busca que un préstamo le brinde la oportunidad de comprar productos de la canasta familiar, gaseosas y snack para surtir su tienda y así seguir aumentando sus ventas.
De esta manera su tienda podrá seguir creciendo y así sus ingresos aumentarán considerablemente, por lo que su familia podrá gozar de una mejor calidad de vida y mejores oportunidades de progreso.

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
  • 188
    View loans »
    Colombia Loans Fundraising
  • $13,230,600
    Funds lent in using Kiva
  • 1,768.0
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,700 helped Maria Estella to purchase household products, sodas, and snacks.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Expired:
Jul 1, 2012