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Olga Ines
Olga started her Internet café with a little savings she had. She bought two video games and two television sets that started producing profits and she then used that money to buy two computers. Since she’s had her business her home’s quality of life has improved considerably because her husband and two children who are 5 and 11 years old can access a better education. Despite economic difficulties at home, this business has been able to continue moving forward and customer demand is higher each time which is why Olga is looking for a loan to buy two computers to increase her capacity for taking care of customers and thus increase her sales. Her dream is to continue moving ahead with this business and that it allows her to move her family forward providing better quality of life and greater economic opportunities for making progress.
View original language description ↓
Olga inició su cibercafé con unos pequeños ahorros que tenía cuando compró 2 videojuegos y 2 televisores, los cuales le generaban rentabilidad y así ese dinero lo invirtió comprando 2 computadores. Desde que tiene su negocio la calidad de vida en su hogar ha mejorado considerablemente, pues su esposo y sus 2 hijos de 5 y 11 años de edad tienen la posibilidad de acceder a una mejor educación. Pese a las dificultades económicas en su hogar, este negocio ha podido salir adelante y cada vez tiene más demanda de sus clientes, es por esto que Olga busca un préstamo para comprar 2 computadores y aumentar la capacidad que tiene para atender clientes y así mejorar sus ventas.

Su sueño es seguir saliendo adelante con este negocio y que este le permita sacar adelante a su familia, ofreciéndoles una mejor calidad de vida y mayores 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

  • $11,100
    Average annual income
  • 571
    View loans »
    Colombia Loans Fundraising
  • $14,881,725
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Olga Ines to buy two computers.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
May 22, 2014