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Lourdes is a single mother, the head of a family of three children. In order to generate the income that her household needs, she has a store where she sells personal use products and other items. Thanks to this business she has been able to move her children ahead, providing them with a good quality of life. Nevertheless, the fact that she has supported her three children alone has meant that financial problems persist in her household. Consequently she works hard every day with the goal of overcoming these problems.

Since she has spent several years running this business, her customers know her and this has enabled her to move ahead little by little and increasingly improve her sales. Looking to stock her store for the season when sales increase immeasurably, she has sought a loan to purchase personal use products to supply her store for seasonal sales.

Her greatest dream is that her children have the possibility to succeed, thanks to this business. As well, she aspires to be able to overcome her financial difficulties and achieve a better quality of life at home with her children.
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Lourdes es madre soltera cabeza de familia de sus 3 hijos y para poder generar los ingresos que requiere en su hogar tiene un almacén donde vende productos de uso personal y variedades. Gracias a este negocio ha logrado sacar adelante a sus hijos brindándoles una buena calidad de vida; sin embargo, le hecho de tener que responder sola por sus 3 hijos hacen que las dificultades económicas en su hogar persistan, y para esto trabaja fuertemente todos los días con el ánimo de superar estas condiciones. Debido a que tiene ya varios años con este negocio, sus clientes ya la tienen como un referente y esto le ha permitido salir adelante poco a poco y cada vez mejorar sus ventas. Buscando surtir su negocio para la temporada donde sus ventas de incrementan considerablemente, Lourdes busca un préstamo para comprar productos de uso personal y surtir su negocio para la temporada.

Su mayor sueño es que sus hijos tengan la posibilidad de salir adelante gracias a este negocio. Además, aspira a poder superar sus dificultades económicas y lograr tener una mejor calidad de vida en su hogar junto con sus hijos.

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
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,787.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Lourdes to purchase personal use products and stock her store for the coming season.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jul 13, 2012
Aug 17, 2012
Currency Exchange Loss:
Sep 22, 2013