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Maria Eugenia
María Eugenia is a single mother, head of household. She has a six-year-old son. Her son’s father abandoned them some time ago leaving all the home’s responsibilities in her hands.

Because finding employment was very difficult and besides she had to care for her son because there’s no one else to do so, María Eugenia found a way to generate her own income by selling personal use products via catalogue. Her main customers are family members, neighbors and friends in the area.

The great difficulty that’s kept her from growing in her business is the lack of capital sufficient to fill all the large customer orders she has pending and it’s in order to overcome this that María Eugenia is looking for a loan that will make it possible for her to buy personal use products and be able to fill pending customer orders.

Her dream is to have a commercial locale someday so she can improve her income and also provide employment for people most in needs.
View original language description ↓
Maria Eugenia es madre soltera cabeza de hogar de su hijo de 6 años de edad ya que el padre de su hijo la abandonó hace un tiempo dejándola a cargo de todas las responsabilidades del hogar. Como conseguir un empleo era muy difícil, además de que debía cuidar su hijo porque no tiene quién se lo cuide, Maria Eugenia encontró la oportunidad de generar sus ingresos con la venta de productos de uso personal a través de catálogos, donde sus principales clientes son sus familiares, vecinos y amigos del sector. La gran dificultad que no le ha permitido seguir creciendo con su negocio es la falta de capital suficiente para responder a todos los grandes pedidos que le hacen, y es por esto que para superar esta dificultad Maria Eugenia busca un préstamo que le permita comprar productos de uso personal y así poder responder a los grandes pedidos que tiene de sus clientes.

Su sueño es llegar a tener un local comercial donde pueda mejorar sus ingresos y también pueda generar empleo para las personas más necesitadas.

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
  • 493
    View loans »
    Colombia Loans Fundraising
  • $14,964,925
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Maria Eugenia to buy personal use products to fill pending customer orders.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 19, 2013