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Marilu
Marilu, 45, is a single mother and the head-of-household for her 4 children. The children's father abandoned them without any financial support some time ago, and the family's financial situation has become more difficult. Previously, Marilu had worked in a print shop for 14 years. Since that job did not generate enough money to meet household expenses, she decided to open her own business with a lot of effort in order to earn the necessary income. Though she started her fast food business with little capital, the effort she puts in each day has slowly positioned the business and made it prosper in the market. In the year since she began her business, the family's situation and her children's quality of life have improved, though they still have financial problems.

Marilu is seeking a loan to buy tools and some advertising for her business. She dreams of growing her business, which will allow her to give her children a better life and a good education. She also dreams of having her own store where she can give her customers better service, grow her business, and make financial progress.
View original language description ↓
Marilu tiene 45 años de edad y es madre soltera cabeza de familia de sus 4 hijos, pues el padre de sus hijos los abandonó hace un tiempo sin hacer alguna contribución económica para su sostenimiento y esto ha hecho que las dificultades económicas en su hogar se hayan aumentado. Anteriormente Marilu trabajaba en una tipografía donde duró unos 14 años, pero debido a que allí no podía generar ingresos iguales a los que necesitaba para sostener los gastos del hogar por ella sola, decidió comenzar su propio negocio y con mucho esfuerzo poder generar los ingresos que requería en su hogar. Fue así como comenzó su negocio de venta de comidas rápidas que a pesar de haberlo iniciado con muy bajo capital, el gran esfuerzo que hace diariamente le ha permitido salir adelante y posicionarlo poco a poco. Hace un año aproximadamente que comenzó con su negocio y la calidad de vida en su hogar ha mejorado para el bienestar de sus hijos, pero debido a que aún cuenta con dificultades económicas, Marilu busca un préstamo para comprar utensilios para su trabajo, y un poco de publicidad para su negocio.

Su sueño es sacar este negocio adelante y que le permita brindarles a sus hijos una buena calidad de vida y el acceso a una educación de buena calidad. Además, sueña con tener un local propio para su negocio donde pueda ofrecer un mejor servicio a sus clientes y así poder crecer para progresar económicamente.

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
  • 562
    View loans »
    Colombia Loans Fundraising
  • $14,901,425
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Marilu to buy tools and some advertising for her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 19, 2012
Listed
Sep 3, 2012
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013