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María Luceny
María is 50 years old and is married with four children. Eight years ago she started up a cafe near the local bus and taxi terminal because she needed to generate income to help support her family. As a farmer, María's husband has an unstable income and is at the mercy of market forces and potentially destructive weather patterns. María works seven days a week from 6:00 in the morning until 9:00 in the evening at her cafe, since she needs to take advantage of hours when the greatest number of travelers are passing through the terminal. María is a hardworking and kind woman who is devoted to her family and her business.

With the support from this loan, María plans to purchase merchandise to stock her cafe, including soft drinks, candy, empanadas, stuffed potatoes and other food items. She also hopes to make some improvements to her actual store to make it more appealing to travelers and potential clients. She hopes that this investment will allow her to offer a wider variety of food items to her customers and will strengthen her business so that she can improve her family's quality of life. María's dream is to start up another business in a more commercial sector where she can grow and expand the business to provide employment and opportunity for others.
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María a sus 50 años de edad, es casada y tiene 4 hijos. Hace 8 años inició su propio negocio, una cafetería ubicada en un acopio de taxis y busetas del sector donde reside; esta idea surgió de la necesidad de generar ingresos para apoyar a su esposo con el sustento del hogar, pues han pasado por situaciones precarias debido a que su esposo es agricultor y sus ingresos son muy inestables, pues es una actividad económica muy incierta. María labora arduas jornadas de Lunes a Domingo desde las 6:00 am hasta las 9:00 pm, aprovechando al máximo el tiempo en el que se presenta mayor flujo de personas, que pueden llegar a ser clientes potenciales. La cliente es una mujer luchadora, dedicada a buscar el bienestar para su familia, amable y servicial, cualidades que le han permitido posicionar su negocio. Se motiva para solicitar el apoyo del crédito, ya que desea comprar surtido al por mayor (gaseosas, mecato, confitería, empanadas, papas rellenas, entre otros) y realizar unas mejoras en el local, además cancelará el saldo que tiene vigente; esto le permitirá darle una mejor imagen a su negocio, cambiando la percepción de los transeúntes, incitándolos a comprar, además tendrá más variedad de alimentos para ofrecer y así satisfacer los gustos de sus comensales. Todo esto se verá reflejado en el incremento de las ventas y por ende, sus ingresos, con los cuales podrá estabilizar la economía del hogar y brindar un mejor bienestar a su familia. María sueña con montar otro negocio en un sector más comercial, que le brinde la oportunidad de mejorar las condiciones de vida y generar empleo a otras personas.

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

  • $6,070
    Average annual income
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,632,075
    Funds lent in using Kiva
  • 1,917.8
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped María Luceny to purchase merchandise to stock her cafe (soft drinks, candy, empanadas, stuffed potatoes, etc.), as well as to make some improvements to her actual store to make it more appealing to travelers and potential clients.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 26, 2013
Currency Exchange Loss:
Covered
Ended:
May 17, 2015