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Marleny is a 36 year old woman and single mother with three children. Several years back, she and her family were displaced by the violence that occurred in the rural areas in Colombia. Currently she works at a restaurant that she started after gaining experience in that field while working as a service employee in various restaurants. She is a hard-working and tenacious person. She takes great pains in order to obtain an income to support her household, working arduous hours every day of the week. With the loan that she is requesting she will make improvements to her restaurant and purchase stock (rice, vegetables, meat, soft drinks, fruit, pastries) in order to offer her clients a more pleasing experience and thus increase her sales. Her main dream is to be able to generate more opportunities for employment in her restaurant.
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Marleny es una mujer de 36 años de edad, madre soltera de 3 hijos. Varios años atrás, ella y su familia fueron desplazados por la violencia que se presentaba en el campo. Actualmente se dedica a atender un restaurante que tomó en arriendo, luego de haber obtenido experiencia en el sector cuando trabajaba como empleada del servicio en varios restaurantes. Es una persona luchadora y trabajadora, se esmera por obtener ingresos para el sostenimiento de su hogar, laborando arduas jornadas, todos los días de la semana. Con el crédito que solicita desea hacer mejoras locativas y comprar surtido (arroz, verduras, carne, gaseosas, frutas, mecato) para generar una percepción más agradable a los clientes y así poder aumentar sus ventas. Su principal sueño es poder generar más oportunidades de empleo en su restaurante.

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

  • $11,100
    Average annual income
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,915.0
    Colombia Pesos (COP) = $1 USD
A loan of $2,625 helped Marleny to make improvements to her restaurant and to purchase rice, vegetables, meat, soft drinks, fruit, and pastries.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 6, 2013
Jul 7, 2013
Currency Exchange Loss:
Aug 6, 2013