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Carmen Edith
57-year old Carmen is from a humble background. She tells us that she is a hardworking woman, keen to make progress in life. Household chores have always been a big part of her life as even as a child she had to help her mother prepare food. Later on she earned her living working in a restaurant. With this experience and a desire for a better future, Carmen managed to start her own business selling meals.

In order to improve service and continue growing her business, she is now seeking a loan to buy everyday food items. Her dream is to have her own premises and open a large restaurant.
View original language description ↓
Carmen tiene 57 años de edad, es de procedencia humilde. Asegura que es una mujer trabajadora y echada para adelante. Manifiesta que las labores del hogar siempre han sido su compañera ya que desde niña debía ayudarle a su madre con la elaboración de la comida. Posteriormente para ganarse la vida se empleó en un restaurante. Con la experiencia y con el deseo de un mejor futuro Carmen logró montar su propio negocio dedicado a la venta de comidas.
Con el fin de mejorar el servicio y seguir creciendo en el sector, se encuentra solicitando un crédito que invertirá en la compra de productos de la canasta familiar. Sueña tener su propio local y montar un gran restaurante.

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
  • 358
    View loans »
    Colombia Loans Fundraising
  • $15,606,000
    Funds lent in using Kiva
  • 1,907.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Carmen Edith buy food items.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
May 23, 2013
Jun 12, 2013
Currency Exchange Loss:
Aug 30, 2014