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Maria Adela
María has much experience in the fast-food business and contributes economically to cover her, her husband’s and her two children’s household expenses with this business. Because her family had great economic difficulties, María decided to start a business that would make it possible for her to contribute economically to her household and to improve this situation. This is how she started selling fast-food and now has vast experience and very good customers.

Despite working in this business for quite some time, the economic situation at home has been a bit complicated especially because her two children have started their university studies and she can contribute so that they can have access to them and this causes other important economic aspects at home to be neglected. Seeking for find a way to overcome her capital difficulty, María is looking for a loan to buy a large umbrella for her business to shelter it from the rain when necessary. In this way, sales will increase considerably because she will be able to offer better customer service and continue to move forward with her family. Her greatest dream is to have a restaurant where she can provide jobs for others.
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Maria tiene una gran experiencia en la actividad de la venta de comidas rápidas y con este negocio aporta económicamente en su hogar para el sostenimiento de los gastos de su ella, su esposo y sus 2 hijos. Debido a que su familia tenía grandes dificultades económicas, Maria decidió comenzar con un negocio que le permitiera aportar económicamente en su hogar para mejorar esta situación, y fue así como comenzó a vender comidas rápidas y ahora tiene una gran experiencia y tiene muy buenos clientes. A pesar de que tiene mucho tiempo trabajando en la actividad, la situación económica en su hogar ha sido un poco complicada principalmente porque sus 2 hijos están comenzando sus estudios universitarios y puede aportar para que puedan acceder a ellos, pero esto hace que se descuiden otros aspectos económicos de gran importancia para su hogar. Buscando superar su dificultad de capital, Maria busca un préstamo para comprar una sombrilla grande para su negocio y cubrirlo de las lluvias cuando sea necesario.

De esta manera sus ventas aumentarán considerablemente ya que podrá ofrecer un mejor servicio a sus clientes y así seguirá saliendo adelante con su familia. Su mayor sueño es llegar a tener un restaurante donde pueda ofrecer empleo para las demás personas.

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
  • 250
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Maria Adela to buy a large umbrella for her business.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 18, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013