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Leonor De Jesús
Leonor, 49, is a woman who is worthy of admiration and respect. Three years ago her husband had an accident, leaving him incapacitated permanently and her in charge of covering household expenses and caring for her husband's health and four-year-old daughter's welfare. Because of the family's difficult situation, Leonor decided to start working as a street peddlar selling coffee as early as 4:00 a.m. Thanks to her dedication, Leonor was able to buy a fast food cart which she uses to work at night. She combines both activities to generate more income to cover household expenses.

Her greatest goal is to give her daughter a good education so she has access to more opportunities. In order to reach her goal, she is requesting a loan to buy ingredients for her business. She wants to increase her income and improve her family's quality of life.
View original language description ↓
Leonor de 49 años de edad, es una mujer digna de admiración y respeto. Desde hace tres años su esposo sufrió un accidente que lo dejó en situación de discapacidad permanente, por lo cual, debió asumir los gastos del hogar, velar por la salud y el bienestar de su esposo y su hija de cuatro años de edad.
Debido a la difícil situación por la atraviesa su familia, Leonor tomó la determinación de dedicarse a la venta de tintos de forma ambulante, actividad que realiza diariamente desde las cuatro de la mañana. Gracias a su dedicación, esta mujer logró adquirir un carro de comidas rápidas el cual trabaja en horas de la noche, de este modo combinas las dos actividades con el objetivo de generar mayores ingresos y poder solventar los gastos de su hogar.
Su mayor sueño es poder brindarle a su hija una buena educación para qué goce de mejores oportunidades. Con el fin de convertirlo en realidad, se encuentra solicitando un crédito para la compra de insumos que le permitirán aumentar sus ingresos y mejorar la calidad de vida 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
  • 192
    View loans »
    Colombia Loans Fundraising
  • $13,162,950
    Funds lent in using Kiva
  • 1,804.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Leonor De Jesús to buy fast food ingredients.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Mar 1, 2013
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013