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Bellarmina
Bellarmina is 57 years of age. She is an enterprising woman in search of a way to effectively battle for a better quality of life. From her location on a sidewalk in the municipality of Lorica, Bellarmina has seen a business opportunity, selling frozen meats, which she began to develop hoping to generate income.

Now, after various years, thanks to the opportunity God has provided, she is able to better the lot of her 2 children, thanks to her work. She wants to improve her stock and guarantee her customers good service, the reason she is soliciting a loan for purchasing merchandise like chicken and sausages.

Bellarmina's greatest desire is to continue growing and expanding her business.
View original language description ↓
Bellarmina tienes 57 años de edad. Es una mujer emprendedora, que busca la manera de luchar por mejorar su calidad de vida. Radicada en una vereda del municipio de Lorica, esta mujer ha visto una oportunidad de negocio en la venta de carnes frías, la cual comenzó a desarrollar y de este modo generar ingresos. Hoy después de varios años, agradece a Dios la oportunidad que le ha dado de poder sacar a sus dos hijos adelante gracias a su trabajo. Desea mejorar el stock y garantizarles a sus clientes un buen servicio, razón por la cual se encuentra solicitando un crédito para la compra de surtido como pollo y embutidos.
Su mayor deseo es seguir creciendo y ampliar su negocio.

Additional Information

More information about this loan


By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 1,907.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Bellarmina buy frozen meats to sell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2013
Listed
Jun 12, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015