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Carmenza Idalia

Update on Carmenza Idalia

Carmenza, 59, is a woman dedicated to her home. She has spent the vast majority of her life looking after the well-being and education of her four children. Her children are now adults, and therefore Carmenza decided to set up her own business to keep her occupied and to generate an income to help her husband with the household costs. Her business is located in the living room of her home but she wants to make changes in the courtyard of her home to offer a better service and gain larger profits. For this reason, Carmenza is seeking a loan which she will invest in the purchase of seats and laying a cement floor as her courtyard is of soil.

Carmenza asserts that as long as there is life, there is hope, and that despite her age, her ultimate dream is to become a business woman.
View original language description ↓
Carmenza de 59 años de edad, es una mujer entregada a su hogar. Dedicó la mayor parte de su vida a velar por el bienestar y la educación de sus cuatro hijos. Hoy ya son adultos, por lo cual Carmenza decidió montar su propio negocio con el propósito de mantenerse ocupada y generar ingresos para colaborarle a su esposo con los gastos del hogar. Su negocio se encuentra ubicado en la sala de su casa pero desea realizar adecuaciones en el patio de su vivienda para ofrecer un mejor servicio y obtener mayores ganancias. Por esta razón se encuentra solicitando un crédito que invertirá en la compra de silletería y en la fabricación de un piso de cemento ya que su patio es de tierra.

Asegura que mientras hay vida hay esperanza y que a pesar de su edad su mayor sueño en convertirse en una mujer de negocios.

Previous Loan Details

Carmenza started her business approximately three years ago as she was keen to contribute to household income. As her husband didn’t earn enough to pay for all the home expenses, Carmenza decided to open an ice-cream selling business in her own home so she could contribute a little and have a bet... More from Carmenza Idalia's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Colombia

  • $11,100
    Average annual income
  • 396
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 1,783.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Carmenza Idalia to buy candy, sweet items, cookies, and other snacks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Mar 1, 2013
Currency Exchange Loss:
Jan 18, 2014