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Adiela Del Socorro
Adiela is a single mother, head of household since the father of her son abandoned them some time ago. In order to generate household income she had a job up to a few weeks ago but then she lost the job and for a few days was able to support her household with savings she had. Thanks to being very disciplined her savings gave her economic stability for a few days.

Seeing the need to have a job she visualized the opportunity of having her own business since there is only one ice-cream shop in her town and service is very bad there. This is how she opened her own ice-cream shop with some of her savings and by buying some items on credit.

The business has been open for about a week and thanks to the good service she provides sales have been very good which is why she’s looking for a loan to buy supplies she’s run out of and also to finish paying off the items she bought on credit.

In his way she will finish setting up her business and start to operate in it better starting to generate income needed for her home and providing her son with a good quality of life. Her greatest dream is to give her son a university education and to have good economic stability that will allow them to make progress.
View original language description ↓
Adiela es madre soltera cabeza de familia de su hijo ya que su padre los abandonó hace un tiempo, y para generar los ingresos que se requieren en su hogar tenía un empleo hasta hace unas semanas; luego de esto quedó desempleada y durante unos días logró sostener los gastos de su hogar con los ahorros que tenía de su empleo, y gracias a que era muy disciplinada con los ahorros tuvo un poco de capital para poder estar bien económicamente durante unos pocos días. Al ver la necesidad de tener un empleo visualizó la oportunidad que había de montar su propio negocio, pues en su municipio solo existe una venta de helados y la atención es muy mala; fue así como montó su propio negocio de venta de helados con unos ahorros y sacando fiado algunos artículos. El negocio lo tiene abierto hace aproximadamente 1 semana y gracias a la buena atención que ofrece tiene muy buenas ventas, por esto busca un préstamo para comprar insumos que se han agotado y también para terminar de pagar los artículos que sacó fiado.

De esta manera podrá terminar de montar su negocio y comenzar a operar en este de una mejor manera, comenzando a generar los ingresos que se requieren en su hogar y brindando a su hijo una buena calidad de vida. Su mayor sueño es darle a su hijo una educación universitaria y tener una buena estabilidad económica que les permita 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
  • 538
    View loans »
    Colombia Loans Fundraising
  • $14,929,875
    Funds lent in using Kiva
  • 1,784.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Adiela Del Socorro to buy ingredients and to pay off items she bought on credit.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 18, 2012
Listed
Jul 3, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013