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Blanca Cecilia
Blanca, age 46, is known as a determined woman who is able to get ahead in life. She has seven children who are her greatest joy and the source of all of her energy. Each day she wakes up early so that she can begin her duties as a wife and mother.


Her greatest wish is to acquire a home of her own so that she can reduce her fixed expenses and be able to invest in her children’s education. Thanks to the opportunities that life has given her, Blanca was able to acquire a fast food cart. From Thursday to Sunday, she sells fried foods and fast food outside of her house.


Today Blanca is requesting a loan in order to buy supplies so that she can increase her sales and generate more income for the benefit of her family.

View original language description ↓
Blanca de 46 años de edad, se ha caracterizado por ser una mujer guerrera y hacerle frente a la vida. Con siete hijos que son su mayor felicidad y la fuente que la llena de energía; cada día se levanta muy temprano a comenzar su faena como ama de casa y madre.
Su mayor sueño es poder adquirir una vivienda propia con el fin de diminuir sus gastos fijos y poder invertir en la educación de sus hijos. Gracias a la oportunidad que le dio la vida de conseguir un carro de comidas rápidas; Blanca de jueves a domingo se dedica a la venta de fritos y comidas rápidas afuera de su casa. Hoy se encuentra solicitando un crédito para la compra de insumos que le permitirán aumentar sus ventas y generar mejores ingresos para el bienestar de su familia.

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
  • 306
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Blanca Cecilia to buy supplies for preparing fast food dishes.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2013
Listed
Feb 1, 2013
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014