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Nubia De Jesús
Nubia, age 37, has had a store located in her house for several years. Thanks to the development of this business activity, she has gotten her family ahead.

She now wishes to buy some basic needs products. She wants to do this to increase her income in order to offer her family a better quality of life.

She dreams of expanding her business and converting it into a self-service market.
View original language description ↓
Nubia de 37 años de edad se dedica desde hace varios años a su tienda ubicada en la sala de su residencia. Gracias al desarrollo de esta actividad ha sacado adelante a su familia. Hoy desea comprar productos de la canasta familiar, con el fin de aumentar sus ingresos con los cuales le brindarle a su familia una mejor calidad de vida. Sueña con ampliar su negocio y convertirlo en un mercado autoservicio.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,840.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Nubia De Jesús to buy basic needs products.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Apr 1, 2013
Apr 27, 2013
Currency Exchange Loss:
Apr 17, 2014