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Nubia
Nubia, 48, is separated and has three children. For various reasons, she left her home city and moved to a municipality in the region of Antioquia with her children in search of new opportunities. She put down roots and used her savings to start up a business offering internet services, video games, and the sale of minutes. She took advantage of her experience as a businesswoman, and with the help of one of her children, she was able to learn about computer systems. She now complements her income with the service of computer maintenance when her clients ask for it. Nubia was able to provide for her three children by herself, fighting every day to offer them a decent life and facing any challenges which came up.

She is applying for a loan to invest in the installation of two video game modules, for which she needs to buy two televisions and two PlayStation 3s. Her goal is to satisfy the demand of children and young people in her area, who are her main clients. She will then be able to increase her sales and her income so that she can continue contributing to her home economy. She will also take a step towards accomplishing her main dream, which is to expand her business by accommodating her clients so that they can have fun and interact, diversifying the services which she offers in order to satisfy the needs of her area's inhabitants. This will give her the opportunity to have good financial stability so that she can give her children a better quality of life.
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Nubia, a sus 48 años de edad es una mujer separada y madre de 3 hijos. Por diversas razones, ella dejó su ciudad natal y junto con sus hijos llegó a un municipio de la región antioqueña en busca de nuevas oportunidades; se radicó y con unos ahorros montó un negocio donde ofrece el servicio de internet, video juegos y venta de minutos, pues aprovechó su experiencia como comerciante y con la ayuda de uno de sus hijos pudo aprender sobre sistemas, de esta forma complementa sus ingresos con la prestación del servicio de mantenimiento de computadores, que realiza eventualmente cuando sus clientes lo solicitan. Nubia logró sacar adelante a sus 3 hijos, sola, luchando día a día para ofrecerles una vida digna, haciéndole frente a los obstáculos que se le presentan. Actualmente solicita un crédito con el fin de invertirlo en el montaje de 2 módulos para video juegos, por lo que requiere comprar 2 televisores y 2 play station III, con el fin de satisfacer la demanda que se le presenta entre los niños y jóvenes del sector donde reside, quienes son sus principales clientes. Así logrará aumentar sus ventas y los ingresos para continuar aportando a la economía de su hogar y avanzar un paso hacia el cumplimiento de su principal sueño, que es ampliar su negocio brindando comodidad a sus clientes para que se diviertan e interactuen y diversificar los servicios que presta, para satisfacer los requerimientos de los habitantes del sector, esto le dará la oportunidad de tener una estabilidad económica favorable para darle a sus hijos una mejor calidad de vida.

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.

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About Colombia

  • $6,070
    Average annual income
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,891.9
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Nubia to install two video game modules, for which she needs to buy two televisions and two PlayStation 3s.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2013
Listed
Jul 29, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014