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Liliana María
Liliana, 36, is the mother of two minor children. Due to her home’s economic situation, Liliana opted for generating an alternative source of income in order to improve the family’s quality of life because her husband works as a messenger and income is insufficient to cover all household expenses and her children’s education.

Aiming at caring for her family while not neglecting her household chores, she decided to sell merchandise at home. She assures that this activity provides good income which is why she’s looking for a loan to invest in the purchase of stock merchandise like clothes, shoes and accessories in order to increase sales and generate higher income that will make it possible for her to improve her home’s economic conditions.
View original language description ↓
Liliana de 36 años, es madre de dos hijos menores edad. Debido a la condición económica en su hogar, Liliana optó por generar una fuente de ingresos alterna para mejorar la calidad de vida familiar, debido a que su esposo labora como mensajero y los ingresos no alcanzan a cubrir todas las necesidades del hogar y la educación de sus hijos.
Con el fin de cuidar de su familia y no abandonar sus labores domésticas, decidió vender mercancía desde su casa. Asegura que esta actividad le proporciona buenos ingresos, por lo cual se encuentra en búsqueda de un crédito que invertirá en la compra de surtido como ropa, calzado y accesorios, con el fin de aumentar sus ventas y generar mayores ingresos que le permitirán mejorar las condiciones económicas de su hogar.

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
  • 484
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,842.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Liliana María to buy clothes, shoes and accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 25, 2013
Currency Exchange Loss:
Covered
Ended:
Sep 22, 2013