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María Eugenia
María, 47, is a woman who has had to withstand cold, rain and hunger. For the last 23 year she’s worked selling orange juice from place to place in downtown Medellín, Colombia. After her husband abandoned her leaving her with four children, she had to struggle in life in order to find a way to provide sustenance for her home. Thanks to a girlfriend’s initiative who encouraged her and lent her capital to start her activity, she’s been able to succeed thanks to much sacrifice.

Her greatest dream is to be able to provide her youngest son with the opportunity of entering the university because she wants him to have better life opportunities and become a great professional.

She’s currently asking for a loan to repair the cart she uses to transport her beverages and to buy ingredients. She hopes her economic situation will improve in order to guarantee a better quality of life for her children.
View original language description ↓
María de 47 años de edad, es una mujer que le ha tocado padecer las inclemencias del frío, la lluvia y el hambre. Desde hace 23 años se dedica a la venta ambulante de jugo de naranja en el centro de la ciudad de Medellín, Colombia. Después de que su esposo la abandonara, dejándola con 4 hijos, esta mujer tuvo que guerrear la vida a fin de conseguir el sustento para su hogar. Gracias a la iniciativa de una amiga que la animó y le facilitó el capital para iniciar con su actividad, ella ha podido triunfar con mucho sacrificio.
Su mayor sueño es poder brindarle a su hijo menor la oportunidad de ingresar a la universidad ya que desea que el tenga mejores oportunidades de vida y se convierta en un gran profesional.
En la actualidad se encuentra solicitando un crédito que destinará para la reparación de su carro en donde transporta sus bebidas y compra de insumos. Espera que su condición económica mejore para garantizarles a sus hijos una mejor calidad de vida.

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
  • 183
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,789.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped María Eugenia to repair her food cart and to buy fruit.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013