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Teolinda
Teolinda, age 48, is a woman who struggles tirelessly to give her two children better life opportunities. Due to a lack of education, this woman did not have the chance to enter the work force. Therefore, three years ago she decided to sell coffee, cigarettes, candy, and snacks by going from street to street in her area.

She works every day from three until eight in the morning outside of a hospital. She works from eight until eleven in the morning at the Parque Obrero in the municipality of Itagüí, Colombia. This is the way that this woman seeks, each day, to feed her household.

Thanks to her work in the informal sector, she has been able to give her children an education.

She currently hopes to improve her financial situation. In order to do so, she is requesting a loan to buy merchandise and an umbrella and to make repairs to the vehicle in which she transports her products. She will do this in order to improve sales and generate more income.
View original language description ↓
Teolinda de 48 años, es una mujer que lucha incansablemente por ofrecerles a sus dos hijos mejores oportunidades de vida. Por su falta de educación esta mujer no tuvo la oportunidad de ingresar al medio laborar, por lo cual desde hace tres años se dedicó a la venta de café, cigarrillos, dulces y mecatos recorriendo las calles de su localidad. Labora diariamente de tres a ocho de la mañana en las afueras de un hospital y de ocho a once de la mañana en el parque obrero del municipio de Itagüí, Colombia. De esta forma, esta mujer se rebusca cada día el alimento para su hogar.
Gracias a su subempleo ha podido ofrecerles a sus hijos educación.
En la actualidad espera mejorar su situación económica, por lo cual se encuentra solicitando un crédito para la compra de mercancía, una sombrilla y realizar reparaciones al coche en donde transporta sus productos. Con el fin de mejorar sus ventas y generar mayores ingresos.

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
  • 297
    View loans »
    Colombia Loans Fundraising
  • $13,838,275
    Funds lent in using Kiva
  • 1,790.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Teolinda to buy merchandise and to repair her vehicle.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 28, 2013
Listed
Feb 6, 2013
Currency Exchange Loss:
Covered
Ended:
Nov 17, 2014