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Gloria Patricia
Gloria is 35 years old and the single mother of 4 children. During her productive life, she has dedicated herself to working as an employee in various trades, or in the kitchen of various hotels, restaurants and locations. In this manner, she has generated income to cover the costs and necessities of her home. She has also acquired experience and knowledge concerning the management of these types of businesses. For that reason, Gloria has decided to become independent and generate income on her own account. She wants to start her own restaurant and she has acquired the land, with a large swimming pool with ample space surrounding it where one can enjoy a sunny day.

This has led Gloria to solicit a loan, to invest in the preparation of space and the purchase of fixed assets (chairs, tables, display cases, an ice maker, a freezer, and kitchen utensils) and a selection of inputs at wholesale (meat, grains, vegetables, oil, rice, pasta, and fruits, among others). In this manner she will be able to launch her business project and hopes it will generate good income, providing for the necessities of her home and the wellbeing and education of her children.

Gloria, with her enterprising spirit, her positive attitude, and her work ethic, dreams of making her business into a recognized location in the region, attracting many travelers who transit the zone. In addition, she desires to generate employment opportunities for mothers who are also heads of households. In this manner, she wants to have the capacity to stabilize the economy of her home and improve her family's conditions of life.
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Gloria tiene 35 años de edad y es madre soltera de 4 hijos. Durante su vida productiva se ha dedicado a laborar como empleada de oficios varios o en la cocina de varios hoteles, restaurantes y estaderos, de esta manera ha generado ingresos para solventar los gastos y necesidades de su hogar, además ha adquirido experiencia y conocimientos sobre el manejo de este tipo de negocios; por lo que ha decidido independizarse y generar los ingresos por cuenta propia, por ello desea iniciar su propio estadero – restaurante, para lo cual ya posee un predio ubicado al borde de una carretera muy transitada de la región donde reside, el predio cuenta con una piscina grande con amplios espacios alrededor para disfrutar un día de sol. Esto la lleva a solicitar el apoyo del crédito, que invertirá en realizar adecuaciones del espacio, comprar activos fijos (sillas, mesas, vitrinas, nevera, congelador, utensilios de cocina) y surtido e insumos al por mayor (carnes, granos, verduras, aceite, arroz, pastas, frutas, entre otros), de esta manera podrá poner en marcha su proyecto de negocio y espera que le genere buenos ingresos para seguir solventando las necesidades de su hogar y continuar velando por el bienestar y la educación de sus hijos. Gloria, con su espíritu emprendedor, con su actitud positiva y su trabajo sueña hacer de su negocio un sitio reconocido en el sector, atraer a muchos viajeros que transiten por la zona, además desea generar oportunidades de empleo a madres cabeza de hogar. De esta manera espera tener la capacidad para estabilizar la economía de su hogar y mejorar las condiciones de vida de su familia.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 261
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,945.5
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $6,175 helped Gloria Patricia to achieve appropriate space, and purchase fixed assets (chairs, tables, display counters, an ice maker, a freezer, kitchen utensils, and a selection of inputs at wholesale (meat, grains, vegetables, oil, rice, pasta, and fruit, among others).
40% repaid
Repayment Term
39 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 2, 2013
Currency Exchange Loss:
Covered