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Maria Francisca
Maria is a person who has had to overcome many difficulties in her life. However, she has always had the strength to get ahead and continue progressing alongside her children. She is a single mother and head of a family with four children, as her husband passed away a long time ago.

Maria is responsible for providing for her household, and therefore works hard in the business she has had for over 15 years. Her business is a general store, where she sells stationery, personal products, toys and other items. This is her source of income and allows her to cover her household expenses.

Thanks to her extensive experience, Maria has won a large number of customers for her business. She is now applying for a loan so that she is ready to offer good products to her customers over the mother’s day period. As a result she will have a wide selection of products to meet the needs of her customers, and therefore have good sales. Her dream is to continue to have a good business and get ahead with her four children, offering them a good quality of life and better financial opportunities to get ahead.
View original language description ↓
Maria es una persona que ha tenido que atravesar por muchas adversidades en su vida, sin embargo, siempre ha tenido la fortaleza para salir adelante y continuar progresando junto a sus hijos. Madre soltera cabeza de familia de sus 4 hijos, debido a que su esposo murió desde hace un largo tiempo, Maria debe garantizar el sostenimiento de su hogar y por esto trabaja fuertemente en un negocio que tiene desde hace más de 15 años. Una miscelánea, donde ofrece productos de papelería, productos de uso personal, juguetes, entre otros más, es su fuente de ingresos y con esta garantiza el sostenimiento de los gastos de su hogar. Gracias a su gran experiencia, ha logrado captar una gran cantidad de clientes para su negocio, es por esto que ahora busca un préstamo para comprar mercancía con la cual pueda estar preparada para ofrecer buenos productos a sus clientes en la temporada del día de las madres.

De esta manera podrá tener un buen surtido de productos con los cuales sus clientes logren satisfacer sus necesidades y así pueda tener unas buenas ventas. Su sueño es poder seguir teniendo un buen negocio y salir adelante con sus 4 hijos, brindándoles una buena calidad de vida y mejores 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
  • 374
    View loans »
    Colombia Loans Fundraising
  • $16,188,475
    Funds lent in using Kiva
  • 1,829.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Maria Francisca to buy merchandise so that she is ready to offer good products to her customers over the mother’s day period.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Apr 30, 2012
Jul 1, 2012
Currency Exchange Loss:
Jun 20, 2013