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Gladis Del Socorro
Gladis, 42 years old, is an enterprising woman, full of desire to progress and give her three children better life opportunities.

She has been working nine years in fast food sales from a food cart located outside her home, and this is the way she is supporting the family.

One of her biggest dreams is to outfit a facility to offer better service to her customers, but it is clear that this will be a medium-term dream.

Currently she has great financial difficulties, because her food cart is in bad state, which is why she has asked for a loan with the idea of making repairs and investing in the purchase of supplies.
View original language description ↓
Gladis de 42 años de edad, es una mujer emprendedora, llena de deseos de progresar y brindarle a sus tres hijos mejores oportunidades de vida. Desde hace nueve años se dedica a la venta de comidas rápidas en un carro de perro que ubica a las afueras de su casa, de esta manera ha sacado su familia adelante. Uno de sus más grandes sueños e acondicionar un local para ofrecer un mejor servicio a sus clientes, pero tiene claro que este será un sueño a mediano plazo.
En la actualidad tiene una gran dificultad económica, debido que su carro se encuentra en mal estado, por lo cual ha recurrido a la solicitud de un crédito con el fin de realizar los arreglos e invertir en la compra de surtido.

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
  • 364
    View loans »
    Colombia Loans Fundraising
  • $14,083,800
    Funds lent in using Kiva
  • 1,899.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Gladis Del Socorro to make repairs to her food cart and to buy household items.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 30, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 18, 2014