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Blanca Nubia
Blanca has a general store in her house. This is her source of income to support her household and her 15-year-old son, because she's a single mother head of household.

She started the business thanks to a relative who was the owner and sold it to her at a low price. She needed to generate income but had no available source, so buying the store with some loans was the best decision she could have made. Since then the quality of life in her household has improved considerably. Also, her son has the opportunity of getting a better quality education.

Looking to improve her sales, Blanca needs a loan to buy products from the family shopping basket to stock her store with products that have run out.

Her dream is to be able to have a better business, increase her income, and create a job in her store.
View original language description ↓
Blanca tiene una tienda general ubicada en su casa y esta es la fuente de ingresos que le permite sostener su hogar y a su hijo de 15 años, ya que es madre soltera cabeza de hogar. El negocio lo inició gracias a que un familiar suyo era el dueño y se lo vendió por muy bajo precio, y como la necesidad de generar ingresos estaba presente, pero no había ninguna fuente de ingresos disponible, comprar la tienda con unos préstamos fue la mejor decisión que pudo tomar. Desde entonces la calidad de vida en su hogar ha podido mejorar considerablemente además de que su hijo tiene la oportunidad de asistir a una educación de mejor calidad. Buscando mejorar sus ventas, Blanca busca un préstamo para comprar productos de la canasta familiar y surtir su tienda con productos que ya se han ido agotando.

Su sueño es poder tener un mejor negocio, aumentar sus ingresos y generar un empleo en el negocio.

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
  • 356
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Blanca Nubia to buy products from the family shopping basket.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 19, 2012
Nov 1, 2012
Currency Exchange Loss:
Oct 20, 2013