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Gloria Helena
Gloria is 42 years old, head of the family, and has 3 young children. Her life has been marked by abuse suffered at the hands of her husband, which is the reason she decided to leave, but confesses it was a very critical situation because she did not support their home. Gloria got up the nerve and made the decision to leave with their children. She began selling tanks of gas with money her mother gave her.

At present she continues the same job as their sole economic source, since she has failed to obtain employment due to her lack of education. Her greatest desire is that her economic situation will improve and she will be able to give her children a good education and they will not lack any basic needs.

She is requesting this loan in order to buy tanks of gas and merchandise to sell in this year-end season. This will increase her income and she hopes she will be able to buy her children school supplies for next year.
View original language description ↓
Doña Gloria tiene 42 años y es madre cabeza de familia de 3 hijos menores de edad. Su vida se ha visto marcada por el maltrato que sufrió por parte de su esposo, razón por la cual decidió dejarlo, aunque confiesa que fue una situación muy critica porque no tenía como sostener el hogar. Gloria se armó de valor y tomó la decisión de salir adelante con sus hijos, Comenzó vendiendo pipetas de gas con un dinero que su madre le prestó. En la actualidad sigue realizando el mismo oficio como su única fuente económica, ya que no ha logrado conseguir empleo por su carencia de estudio. Su mayor deseo es que su situación económica mejore para ofrecerles a sus hijos una buena educación y que no tengan que carecer de las necesidades básicas. Se encuentra solicitando un crédito para la compra de pipetas de gas y mercancía para venderla en esta temporada de fin de año y aumentar sus ingresos con los que espera poderles comprar a sus hijos el material de estudio para la escuela el próximo año.

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
  • 167
    View loans »
    Colombia Loans Fundraising
  • $12,834,025
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Gloria Helena to buy tanks of gas and merchandise.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013