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Alix Eugenia
Eugenia, 31 years old, has a 7-year-old son and lives with her boyfriend. During her working life she has worked in companies and houses doing various functions, which allowed her to make income to support the household. Three years ago she had the opportunity to work on her own, and with some savings that she had, she bought a grocery and home goods store, as the previous owner was going to live in another country. Since then she she has strived tirelessly to keep her business going and generate income to continue helping to support her household.
Eugenia is a strong and hardworking woman who is dedicated to her family, which is her main motivation to continue seeking better opportunities. She is requesting a third loan to help her buy merchandise (pastries, eggs, soda, cookies, dairy products) and make some improvements to the premises (fix a wet spot on the wall).
With this, she will be able to continue with her business, have a larger variety of products to offer her customers, and make more income, with which she will be able to grow her store and make it stable, well known in the area, and long lasting. This way she will be able to give her son a better education and well-being, and have economic stability in order to have a prosperous future with her family.
View original language description ↓
Eugenia, a sus 31 años de edad es madre de un hijo de 7 años y vive en unión libre con su pareja. Durante su vida productiva laboró en empresas y casas como empleada de oficios varios con lo cual obtenía ingresos para llevar el sustento a su hogar. Hace 3 años se le presentó la oportunidad de independizarse y con unos ahorros que tenía compró una tienda de abarrotes y víveres en general, ya que la antigua dueña se iba a vivir a otro país. Desde entonces ha luchado incansablemente para sostener su negocio y poder generar ingresos para seguir aportando al sostenimiento de su hogar. Eugenia es una mujer pujante, trabajadora y dedicada a su familia, que son su principal motivación para seguir avanzando en busca de mejores oportunidades. Solicita un tercer ciclo de crédito como apoyo, para invertirlo en la compra de surtido (mecato, huevos, gaseosas, galletería, productos lácteos) y realizar unas mejoras en el local (arreglar una humedad en la pared), con esto podrá darle continuidad a su negocio, tener más variedad de productos para ofrecer a sus clientes y generar una mejor percepción de la imagen locativa, esto le ayudará a aumentar sus ventas y obtener más recursos, con lo cual podrá hacer crecer su tienda, para que sea estable, reconocida en el sector y perdurable en el tiempo. Es así como podrá lograr darle una mejor educación y bienestar a su hijo y tener una estabilidad económica para tener un futuro próspero en compañía de su familia.

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
  • 307
    View loans »
    Colombia Loans Fundraising
  • $13,867,525
    Funds lent in using Kiva
  • 1,884.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Alix Eugenia to buy merchandise (pastries, eggs, soda, cookies, dairy products) and make some improvements to the premises (fix a wet spot on the wall).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 9, 2013
Listed
Aug 8, 2013
Currency Exchange Loss:
Covered
Ended:
Apr 18, 2015