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Maria Amparo
When her husband abandoned her, Maria Amparo decided to start her own business of selling personal use products so that she could generate household income to support her two children. The financial difficulties she faced at home were very tough, but through her efforts, she was able to move her business forward little by little.


Maria Amparo is now seeking a loan so that she can buy personal use products and restock her business in time for the season when her sales increase considerably. Her dreams are to have a successful business and to help her children move forward by providing them a good education and a better quality of life.

View original language description ↓
Maria Amparo cuando fue abandonada por su esposo decidió comenzar un negocio de venta de productos de uso personal para poder sostener los ingresos de su hogar donde convive con sus 2 hijos. En un principio las dificultades económicas de su hogar eran muy fuertes, pero con su esfuerzo ha podido ir sacando poco a poco su negocio adelante. Ahora, Maria Amparo busca un préstamo para comprar productos de uso personal y surtir su negocio para la temporada donde sus ventas se incrementan considerablemente.

Su sueño es poder tener un gran negocio y sacar sus 2 hijos adelante brindándoles una buena educación y una mejor calidad de vida.

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
  • 278
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $850 helped Maria Amparo to buy personal use products.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 11, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 10, 2012