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Rosbeny
Rosbeny has an arepa [grilled corncakes] factory that’s a family tradition and that generates income to contribute economically to her home and to move her 18-year-old son forward. She learned this activity while very young thanks to her parents’ teaching her so that she could work with them. Now, thanks to all the experience she has all her products are known for being of very good quality.

The greatest difficulty she's had in her business is inhaling the smoke from the stove every day which has caused her some health problems and sometimes she has to stop working for a few hours. Because during the winter it’s difficult to get good quality firewood at a good price Rosbeny is looking for a loan to buy good quality firewood and be able to afford the high winter prices.

Her greatest dream is to move the business forward so that her son can attend university and be able to progress. She also dreams with her family having the opportunity of having a better quality of life and greater economic opportunities to get ahead.
View original language description ↓
Rosbeny tiene una fábrica de arepas que viene de tradición familiar y es con esta que genera ingresos para contribuir económicamente en su hogar y sacar su hijo de 18 años de edad adelante. La actividad la aprendió desde muy temprana edad gracias a que sus padres le enseñaron la actividad muy joven para que trabajara a su lado, y ahora gracias a toda la experiencia que tiene sus productos son reconocidos por tener muy buena calidad. La mayor dificultad que ha tenido en su negocio es que al aspirar diariamente el humo del fogón, presenta algunas dificultades de salud y a veces debe dejar de trabajar durante unas horas. Debido a que en la temporada de invierno el conseguir madera buena y a un buen precio es tan difícil, Rosbeny busca un préstamo para comprar madera de buena calidad y poder acceder a los altos precios que hay en temporada de invierno.

Su mayor sueño es sacar este negocio adelante para que su hijo pueda tener una educación universitaria que le permita progresar. Además, sueña con que su familia tenga la oportunidad de tener mejor calidad de vida y mayores oportunidades económicas para salir adelante.

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
  • 227
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Rosbeny to buy good quality firewood.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 10, 2012
Listed
Aug 13, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013