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Libia Ines
Libia is married and has 9 children, for whom she has always wanted to provide a good quality of life. For this she has a business by which income for her home is generated. Along with her husband she contributes economically so in her family they can have a good quality of life. Approximately 25 years ago, she was displaced by violence along with her husband and their children. In search of better economic opportunities to get ahead and more security to live more tranquilly, she started selling soft drinks and candies and began her own business. Thanks to the effort that she has put in her business, she was able to get ahead and increase her sales more each time, until the point in which she was able to open another location to sell drinks and sweets, which her husband manages.

With her business she has been able to provide education to her children and she can even provide education for her youngest children. For this she always looks after her business and strives for her sales to increase each time to have a better quality of life. Libia is looking for a loan that will allow her to buy drinks and other products to supply her store and respond to the demand of her customers.

In this way she will continue satisfying the needs of her customers and her sales will increase considerably, allowing her to have a better income for her home and like this have a better quality of life and better economic opportunities to progress and get ahead. Her greatest dream is to see all of her children get ahead and to achieve giving them economic stability with her business.
View original language description ↓
Libia se encuentra casada y tiene 9 hijos a quienes siempre les ha querido brindar una buena calidad de vida y para esto tiene un negocio con el cual genera los ingresos para su hogar y contribuye económicamente junto con su esposo para que en su familia puedan tener una buena calidad de vida. Desde hace aproximadamente 25 años se vio desplazada por la violencia junto con su esposo y sus hijos en búsqueda de mejores oportunidades económicas para salir adelante y mayor seguridad para vivir más tranquilamente, y fue vendiendo gaseosas y dulces como comenzó con su propio negocio. Gracias al esfuerzo que ha puesto en su negocio logró salir adelante y cada vez aumentar más sus ventas, hasta el punto en que logró abrir otro local para vender bebidas y dulces el cual administra su esposo. Con su negocio ha podido brindarles educación a sus hijos y aún puede brindar educación a sus hijos menores, por esto siempre cuida de este y busca que cada vez sus ventas aumenten para tener una mejor calidad de vida. Libia busca un préstamo que le permita acceder a la compra de bebidas y otros productos para surtir su tienda y responder a la demanda de sus clientes.

De esta manera seguirá satisfaciendo las necesidades de sus clientes y sus ventas aumentarán considerablemente, permitiendo tener mejores ingresos para su hogar y así tener una mejor calidad de vida y mejores oportunidades económicas para progresar y salir adelante. Su mayor sueño es ver a todos sus hijos salir adelante y lograr darles una estabilidad económica con su negocio.

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
  • 510
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,150 helped Libia Ines to buy drinks and other products to supply her store and respond to the demand of her customers.
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2012
Listed
Jul 11, 2012
Currency Exchange Loss:
Covered
Expired:
Aug 10, 2012