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Consuelo
Consuelo is married and has 2 children, for whom she has always wanted to provide a good quality of life. With the desire to contribute economically to her household, she has a paper goods shop where she also offers Internet café service to her customers. In this way, she generates income with which her family can enjoy a better quality of life and better economic opportunities to get ahead. In her Internet café she has very good customers, and thanks to this her sales have been rising considerably. In addition, her customers appreciate her for the very good service she offers in her business. Since one of her computers has been damaged, she is seeking a loan which will give her the opportunity to buy a computer, so she can continue offering her customers good service in her Internet café.

In this way, she will be able to continue generating the necessary income to contribute economically to paying her household expenses, and thus little by little move toward providing her family with a good quality of life. Consuelo also hopes that her business will give her the possibility to fulfill her dream of building her own house, where her family can have some better opportunities for progress.
View original language description ↓
Consuelo se encuentra casada y tiene 2 hijos a quienes les ha querido brindar una buena calidad de vida, y con el ánimo de contribuir económicamente en su hogar tiene una papelería donde también ofrece el servicio de café Internet a sus clientes; de esta manera genera ingresos con los cuales su familia puede gozar de una mejor calidad de vida y mayores oportunidades económicas para progresar. En su café Internet tiene muy buena clientela, y gracias a esto sus ventas han venido aumentando considerablemente, además, sus clientes la reconocen por ofrecer una muy buena atención en su negocio. Debido a que uno de sus computadores se dañó, busca que un préstamo le brinde la oportunidad de comprar un computador con el cual pueda seguir ofreciendo a sus clientes un buen servicio en el café Internet.
De esta manera podrá seguir generando los ingresos necesarios para contribuir económicamente al sostenimiento de los gastos de su hogar y así poco a poco ir brindando en su familia una buena calidad de vida. Además, Consuelo espera que su negocio le brinde la posibilidad de cumplir su sueño de construir su propia casa donde su familia pueda tener unas mejores oportunidades para progresar.

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
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,266,875
    Funds lent in using Kiva
  • 1,768.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Consuelo to buy a computer so she can continue offering good service in her Internet café.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2013