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Adelaida Maria
Adelaida is the head of household and single mother of an 11 year-old child for whom she works hard everyday to give a better quality of life and good education. Eight years ago she launched a pizzeria with very little capital but thanks to her strong efforts and high quality products her business has been successful and, now, she even has room for three employees which are very needed.

The economic condition in her home was very difficult and they constantly had to overcome adversity but now they are able to live well and her son has a good education. Nonetheless, she has financial needs. Adelaida is seeking a loan to purchase an industrial cheese grater for her business in order to quicken the pizza making process.

This way she will be able to respond to customer demands who always want more. In addition, she will be able to strengthen sales and the lifestyle and well-being of her family will considerably improve.
View original language description ↓
Adelaida es una madre soltera cabeza de familia de su hijo de 11 años de edad por quien trabaja fuertemente todos los días en su negocio para brindarle una buena calidad de vida y buscar la manera de que pueda tener una buena educación. Desde hace 8 años montó una pizzería con muy poco capital, pero gracias al esfuerzo que ponía a su trabajo y a la buena calidad de sus productos su negocio salió adelante y ahora tiene un local donde puede generar 3 empleos para personas que son muy necesitadas. Las condiciones económicas en su hogar eran muy difíciles y constantemente tenían que padecer grandes adversidades, pero ahora pueden tener una mejor calidad de vida y su hijo tiene una buena educación. Sin embargo, como todavía tiene necesidades económicas, Adelaida busca un préstamo para comprar una rayadora de queso industrial para su negocio y así agilizar el proceso de preparación de pizzas.

De esta manera podrá responder a la demanda de sus clientes quienes cada vez aumentan más. Además, podrá tener mejores ventas y los ingresos para su hogar mejorarán considerablemente permitiendo tener una mejor calidad de vida para ella y su hijo.

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
  • 524
    View loans »
    Colombia Loans Fundraising
  • $14,666,500
    Funds lent in using Kiva
  • 1,772.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Adelaida Maria to purchase an industrial cheese grater for her pizza business thereby quickening the pizza preparation process.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Aug 6, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013