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Lina Maria
Lina is a person who has always been know for her hardworking personality, and thanks to this quality she has had success in surmounting the difficulties that life has presented to her. For about the past three years, she had been working in a store selling clothing, but because her salary was not enough to contribute greatly to the expenses of her household, she decided to go independent and create her own business.

Thus, about three years ago, she opened an internet cafe where she provides her customers with internet service, and thanks to the good service, she has been able to gain many good customers. The first advantage of the business in that it's in a strategic location, since there are three private schools nearby, allowing her to bring in well-off customers. Without a doubt, her greatest difficulty is in that there's a great deal of competition at very low prices, so she is asking for this loan in order to buy stationery products to offer her customers printing services and copies, and to be able to diversify her clientele.

In this way, her business will be able to set itself apart from the competition, permitting her to move forward and continue with her business. In addition, she hopes that this will greatly increase her income, allowing her to have a better quality of life and greater opportunities for economic advancement.
View original language description ↓
Lina es una persona que siempre se ha caracterizado por ser muy trabajadora, y gracias a esta cualidad ha logrado superar grandes dificultades que se le han presentado en la vida. Hasta hace aproximadamente 3 años trabajaba en una empresa vendiendo ropa, pero dado que su salario no era suficiente para poder contribuir económicamente en su hogar, decidió independizarse y montar su propio negocio. Fue así como desde hace unos 3 años montó un cibercafé donde ofrece a sus clientes el servicio de Internet y gracias a la buena atención ha logrado captar muy buenos clientes. La principal ventaja que tiene es que está ubicada en un sector estratégico, pues cerca de su negocio hay tres colegios lo que le permite tener muy buena afluencia de clientes, sin embargo, su mayor dificultad es que existe mucha competencia que compite con muy buenos precios, por lo que ahora busca que un préstamo le permita comprar productos de papelería para ofrecer a sus clientes el servicio de impresión y argollado de las mismas, y así poder generar diferenciación en sus clientes.

De esta manera su negocio podrá diferenciarse de la competencia permitiendo así poder salir adelante y continuar con su negocio, además, espera que de esta manera sus ingresos aumenten considerablemente, permitiendo tener una mejor calidad de vida y mayores oportunidades económicas 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
  • 473
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Lina Maria to buy stationery to offer her customers printing services and creation of copies, and thus to diversify her clientele.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2012