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Gilma
Gilma, 65, has three children. Unfortunately, she became a widow some years ago. She worked all her life for different companies in the clothing industry. When she retired, she started a business with the intention to continue generating income to cover the home expenses and to have an activity that would make her feel busy and useful. She opened a grocery store at home. She works Monday to Sunday; she has many customers and makes the most of her location in a residential area.

Gilma is a persistent and hardworking woman. She says that her age is not an obstacle for her to continue working. Besides, she is passionate about her job and feeling useful makes her enjoy life more. She is requesting a loan to buy supplies in bulk (dairy products, cookies, eggs, grains, cleaning products, etc.). This way, she will have a wider variety to offer her customers and satisfy their needs and tastes. This will result in more sales and a better income, which will help her cover her monthly expenses. She will also be able to continue working with her business and to improve its reputation. A higher income means well-being and better living conditions for her.
View original language description ↓
Gilma tiene 65 años de edad, es madre de 3 hijos y lamentablemente quedó viuda tras el fallecimiento de su esposo hace algunos años. Toda su vida productiva la dedicó a trabajar en el campo de las confecciones, como empleada en diversas empresas y luego de jubilarse, montó su propio negocio con la idea de seguir generando ingresos para solventar los gastos básicos de su hogar y para estar siempre ocupada sintiéndose útil. Inició una tienda de abarrotes, que se encuentra ubicada en la casa donde vive, allí atiende de Lunes a Domingo, aprovechando que vive en una zona residencial y tiene muchos clientes.
Gilma es una señora pujante y trabajadora, manifiesta que su edad no le impide seguir trabajando, además es apasionada por su labor, pues disfruta más la vida sintiéndose útil. Ella solicita el crédito con el fin de invertirlo en la compra de surtido al por mayor ( (productos lácteos, galletería, huevos, granos, productos de aseo, entre otros), así tendrá más variedad de artículos disponibles para ofrecer a sus clientes, satisfaciendo sus gustos y necesidades; esto se reflejará en el aumento de sus ventas y de sus ingresos, con lo que podrá seguir pagando sus gastos mensuales y además tendrá la posibilidad de darle continuidad y acreditación a su negocio y generando más ingresos que le permitan mejorar sus condiciones de vida y su bienestar personal.

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
  • 149
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,915.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Gilma to buy supplies in bulk, such as dairy products, cookies, eggs, grains and cleaning products.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014