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Maria Llaned
María is a single mother head of household. She has three children. In order to cover her household expenses she sells fast-food every day seeking to make progress with her children. She’s had the business for about 26 years and thanks to it was able in the beginning to contribute together with her children’s father to provide a good quality of life for their children. But since the father of her children abandoned them, this has been the source of income that makes it possible for her to cover household expenses. She’s been able to move her family forward and her children have been able to have access to a good quality education thanks to this business which is why she continues striving every day so that sales will continue to increase and her children will continue to have better quality of life and better economic opportunities for progress every day.

Because her permit to sell fast-food is for a location that’s very sandy during the rainy season the area around her stand becomes like a swamp and her sales drop off considerably which is why María is seeking a loan to improve the land her food stand is located on so that it won’t become swampy in the rainy season any longer. Her dream is that her children move forward and be able to attend university in the future. In addition, she greatly hopes someday to acquire a house of her own.
View original language description ↓
Maria es una madre soltera cabeza de familia de sus 3 hijos y para poder sostener los gastos de su hogar tiene una venta de comidas rápidas en la cual trabaja todos los días en busca de progresar junto con sus hijos. Hace unos 26 años tiene este negocio y gracias a esto en un principio aportaba económicamente junto con el padre de sus hijos para que su hogar tuviera una buena calidad de vida, pero desde que el padre de sus hijos los abandonó esta ha sido la fuente de ingresos que le permite sostener los gastos de su hogar. Con este negocio ha podido sacar adelante su familia y sus hijos han logrado tener acceso a una educación de buena calidad, y por esto sigue esforzándose diariamente para que sus ventas sigan creciendo y sus hijos sigan teniendo cada vez una mejor calidad de vida y mejores oportunidades económicas para progresar. Debido a que tiene permiso de ubicar su puesto de venta de comidas en un lugar donde esta muy lleno de arena, en las temporadas de invierno esto se hace un pantano y sus ventas disminuyen considerablemente; por esto Maria busca un préstamo para arreglar el suelo donde ubica su puesto de venta de comidas y así no empantanar su negocio cuando llueve.

Su sueño es que sus hijos salgan adelante y en un futuro espera que puedan ingresar a una universidad. Además, tiene el gran anhelo de que algún día pueda conseguir su casa propia.

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
  • 482
    View loans »
    Colombia Loans Fundraising
  • $14,960,825
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Maria Llaned to repair the floor where his business is located.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013