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Nubia Teresa
Nubia, who is 36 years old, is unemployed like so many in her country. However, this has not deterred her and she is always searching for options that will help her get by and earn an income. This is why she would like to open an Internet café. She will be able to take advantage of the fact that she lives in front of a public school and that no other business in her neighborhood offers Internet service, thus she will not have any competition. She feels that this business idea will be a favorable source of income.

She is applying for a loan with the idea of using it to purchase computers, chairs and tables in order to get her project going. With this business she hopes to be able to generate the resources necessary to support her family's household expenses. Nubia dreams of strengthening her business and making it more and more profitable every day, which would allow her the opportunity to have economic stability and to improve her living conditions.
View original language description ↓
Nubia, a sus 36 años de edad, es una persona afectada por nivel de desempleo que tiene el país actualmente, sin embargo, esto no la detiene y siempre va en busca de opciones que le permitan salir adelante y conseguir sus propios ingresos. Por esta razón desea abrir un negocio donde prestará el servicio de sala de internet, así aprovechará la ventaja que posee de vivir al frente de un colegio del sector donde reside y en el barrio no hay otro lugar que preste este servicio, no tiene competencia, es por ello, que ve en esta idea de negocio una fuente de ingresos favorable. Esto la motiva a solicitar el crédito, con la idea de invertirlo en la compra de activos fijos (computadores, sillas y mesas) para darle inicio a su proyecto, con el cual espera generar los recursos necesarios para apoyar a su familia con la economía del hogar. Nubia sueña con fortalecer su negocio y hacerlo cada día más rentable y productivo, que le brinde la oportunidad de tener una estabilidad económica y mejorar las condiciones de vida.

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.

About Colombia

  • $11,100
    Average annual income
  • 354
    View loans »
    Colombia Loans Fundraising
  • $15,636,375
    Funds lent in using Kiva
  • 1,932.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,575 helped Nubia Teresa to buy computers, chairs and tables.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 1, 2013
Sep 3, 2013
Currency Exchange Loss:
Aug 30, 2014