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Miriam Del Socorro
Miriam is 47 years old. She works at her business, a grocery and vegetable convenience store located in her house. There she offers all types pf staple products, and fruits and vegetables. She works alone every day and in this way generates enough income to contribute to her family budget. Her family is made up of her three children and her husband. She is described as a driven women who is dedicated, hardworking, and she likes to serve her customers well, because her business' stability depends on them. That is why she always seeks chances to improve every day. That s what has brought her ask for the help of a loan to some some improvements on the locale and buy some merchandise wholesale (dairy, eggs, grains, cleaning products, pastries, cold cuts, sodas, fruits and vegetables, among other staple products). This way, she can give her business a better image and have a variety of products available to offer her customers in order to give them better service. This influences her finances in a positive way because she can increase her income through sales and keep fighting to make her dream of having a well stocked, profitable mini-market to be able to give her family a better quality of life and well being.
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Miriam, a sus 47 años de edad se dedica a atender su negocio, una tienda de abarrotes y legumbres que tiene ubicada en su casa, allí ofrece todo tipo de productos de la canasta familiar, frutas y verduras, trabaja sola todos los días y, de esta manera genera los ingresos suficientes para aportar a la economía de su familia que está conformada por sus 3 hijos y su esposo. Ella se caracteriza por ser una mujer pujante, dedicada, trabajadora y le gusta atender bien a sus clientes, ya que de ellos depende la estabilidad de su negocio; por esta razón siempre busca opciones que le permitan mejorar cada día, lo que la lleva a solicitar el apoyo del crédito para realizar unas mejoras locativas y comprar surtido al por mayor (lácteos, huevos, granos, productos de aseo, mecato, carnes frías, gaseosas, frutas y verduras, entre otros productos de la canasta familiar), de esta forma podrá dar una mejor imagen a su negocio y tendrá variedad de productos disponible para ofrecer a sus clientes, con el fin de prestarles un mejor servicio, lo que influye positivamente en su economía, pues podrá aumentar sus ingresos por ventas y seguir luchando para cumplir el sueño de tener un minimercado bien surtido y que sea rentable, para que le permita ofrecer a su familia un mejor nivel de vida y bienestar.

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
  • 148
    View loans »
    Colombia Loans Fundraising
  • $12,811,350
    Funds lent in using Kiva
  • 1,895.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Miriam Del Socorro to do some improvements on the locale and buy some merchandise wholesale (dairy, eggs, grains, cleaning products, pastries, cold cuts, sodas, fruits and vegetables, among other staple products).
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 26, 2013
Currency Exchange Loss:
Covered
Ended:
May 22, 2014