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María Nohemi
María’s a woman who has won over her neighbors’ affection and respect thanks to her kindness and drive to move her two minor children forward. Although she’s a housewife and her children are her greatest priority, she dreams with becoming a micro businesswoman which is why she’s already started her business venture. She set up some shelving in her living room where she sells stationery supplies taking advantage of her location near a school. In this way, she helps her husband cover expenses while providing better stability for her children.

Her greatest wish is to be able to furnish her stationery shop which is why she’s asking for a loan to buy a display case and school supplies for the school term. Her family is most important to her which is why she wants to guarantee a better quality of life for them.
View original language description ↓
María es una mujer que se ha ganado el aprecio y el respeto de sus vecinos, gracias a su bondad y las ganas de sacar a sus dos hijos menores de edad adelante.
Aunque es ama de casa y sus hijos son su mayor prioridad, esta mujer también sueña con convertirse en una microempresaria, por lo cual ya inició con su proyecto de negocio. En la sala de su casa ubicó una pequeña estantería en donde vende artículos de papelería, aprovechando la cercanía de una escuela en su sector. De esta manera le colabora a su esposo con los gastos, al tiempo que les brinda a sus hijos una mejor estabilidad.
Su mayor sueño es poder adecuar su papelería, por lo cual, se encuentra solicitando un crédito que invertirá en la compra de una vitrina y útiles escolares para la temporada estudiantil.
Lo más importante para ella es su familia, por eso desea poder garantizarles 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

  • $11,100
    Average annual income
  • 464
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,789.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped María Nohemi to buy a display case and school supplies.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2013
Listed
Feb 5, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014