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Maria Eugenia
Four years ago, Maria was selling personal use products through catalogs, and decided to set up a small business where she could sell them directly.

Little by little, seeing need in the neighborhood. she began including stationery products. and now her business offers a great quantity of stationery products to her customers.

With this business she has the chance to generate greater income for her family, and this way can provide a better quality of life in her home. As some time ago the photocopier was damaged, she not been able to offer this service again. Seeing that her income is already being severely affected, María needs a loan to repair the photocopier in her stationery store, and also to buy supplies for the business.

Her dream is to be able to locate her business in premises separate from her house, and this way offer her family a better quality of life and better financial opportunities to progress.
View original language description ↓
Maria hace 4 años vendía productos de uso personal a través de catálogos y decidió montar un pequeño negocio donde pudiera venderlos directamente, así poco a poco al ver la necesidad del sector fue incluyendo productos de papelería y ahora su negocio ofrece una gran cantidad de productos de papelería a sus clientes. Con este negocio tiene la posibilidad de generar mayores ingresos para su familia y así puede ofrecer una mejor calidad de vida en su hogar. Como hace un tiempo se le dañó la fotocopiadora, no ha podido volver a prestar este servicio, y al ver que ya sus ingresos se están viendo fuertemente afectados, Maria necesita un préstamo para reparar la fotocopiadora de su papelería y también comprar surtido para el negocio.

Su sueño es poder ubicar el negocio en un local separado de su casa y así ofrecer a su familia una mejor calidad de vida y mejores oportunidades económicas para progresar.

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
  • 286
    View loans »
    Colombia Loans Fundraising
  • $14,063,675
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,675 helped Maria Eugenia to repair the photocopier in her stationery store, and also to buy supplies for the business.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 11, 2012
Currency Exchange Loss:
Covered
Expired:
Nov 10, 2012