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Mirlan
Mirlan left the city of her birth and moved to this city 8 years ago aiming at finding employment to help her family which consists of 11 siblings and her mother who is now elderly and ill. She started out working in family homes and then someone helped her and offered her a better job selling products in the street and that’s how she started the experience. With some savings she decided to get some small work tools to start her own business selling food. Looking for a way to overcome the problem she has with capital, Mirlan is looking for a loan to buy work tools that have been gradually wearing in order to have better working conditions and to offer better meals. Her dream is to get ahead with this business and in future have a larger one with which to help her family with a good quality of life as well as to acquire a little house of her own.
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Mirlan salió de su municipio natal hacia la ciudad desde hace 8 años en el objetivo de buscar empleo para ayudarle a su familia, la cual está constituida por 11 hermanos y su madre ya una persona anciana y enferma. Empezó trabajando en casas de familia, luego una persona le ayudó y le ofreció un mejor empleo vendiendo productos en la calle y fue así como inició la experiencia y con unos ahorros decidió conseguirse unas pequeñas herramientas de trabajo para iniciar con su propio negocio de venta de comida. Buscando superar la dificultad de capital que tiene, Mirlan busca un préstamo para comprar utensilios de trabajo que se han ido deteriorando y poder tener mejores condiciones de trabajo y ofrecer mejores comidas.

Su sueño es poder salir adelante con este negocio y en un futuro tener un negocio más grande con el cual pueda ofrecerle a su familia una buena calidad de vida y también poderse conseguir su casita 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
  • 464
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,796.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Mirlan to replace worn out cooking utensils.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 22, 2012
Listed
Oct 3, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013