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Teresa De Jesus
Teresa started her business approximately 30 years ago when she saw the opportunity that existed in the sector and she decided to invest some savings she had buying a house to which with much effort in time she added nine rooms approximately in order to provide room and board services.

Thanks to this business her family has had a better quality of life, especially her three children who used to have to access a poor quality education because of their scarce economic resources. Currently, Teresa needs to repair the kitchen in order to prepare the meals she offers her customers in better conditions which is why she’s looking for a loan to repair the kitchen where she prepares meals for her customers.

In this way she will have a place that’s in better condition and will offer better quality of service that will bring more sales. Her greatest dream is to continue moving forward and providing a good quality of life in her home.
View original language description ↓
Teresa inició su negocio hace aproximadamente 30 años cuando vio la oportunidad que había en el sector y decidió invertir unos ahorros que tenía comprando una casa donde luego con mucho esfuerzo le realizó algunas adecuaciones locativas para así tener unas 9 habitaciones aproximadamente y poder brindar un buen servicio de hospedaje y restaurante. Gracias a este negocio su familia ha logrado tener una mejor calidad de vida, principalmente sus 3 hijos quienes antes tenían que recurrir a una mala educación por las pocas oportunidades económicas que tenían. Actualmente Teresa tiene la necesidad de reparar su cocina para poder preparar los alimentos que ofrece a sus clientes en mejores condiciones, por esto busca un préstamo para arreglar la cocina donde prepara los alimentos para sus clientes.

De esta manera podrá tener un lugar con mejores condiciones y ofrecer un servicio de mejor calidad que le permita tener mejores ventas. Su mayor sueño es seguir saliendo adelante y brindar una buena calidad de vida en su hogar.

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

  • $6,070
    Average annual income
  • 176
    View loans »
    Colombia Loans Fundraising
  • $13,171,600
    Funds lent in using Kiva
  • 1,778.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Teresa De Jesus to repair the kitchen.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013