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Lina Andrea
Lina is the single mother of a 4 month old baby. At 25 years old. she works at her own business she started about 2 years ago on the sidewalk in front of her house. At first she would grill the items on a small wood stove. Little by little her business got going and today she runs it in a locale located in a very busy area. She is described as being an enterprising young woman who is active, driven and who works every day with dedication and hard work to get her son ahead. She is asking for the loan to invest in her business. With the money, she will buy items (sausage and sodas) and make publicity to attract more customers and increase her sales so she can increase her earnings. This way, Lina wants to keep advancing and in the future have the opportunity to go to college and get a degree. She also dreams of having a great grill that is profitable and well known that she can generate better income with to give her son better well being and quality of life.
View original language description ↓
Lina es madre soltera de un bebé de 4 meses de nacido. A sus 25 años de edad, se dedica a atender su propio negocio que consiste en la venta de chorizos que inició hace aproximadamente 2 años, en la acera de su casa; inicialmente asaba el producto en un pequeño fogón de leña y, poco a poco su negocio fue tomando impulso y hoy en día ya funciona en un local ubicado en un sector muy transitado. La cliente se caracteriza por ser una joven emprendedora, activa, pujante y cada día trabaja con esmero y dedicación para sacar adelante a su hijo. Solicita el crédito con el ánimo de invertirlo en su negocio, pues con el dinero comprará insumos (chorizos y gaseosas) y realizará publicidad para atraer más clientela y así aumentar sus ventas, dando como resultado un incremento en las finanzas. De esta forma, Lina desea seguir avanzando y en un futuro tener la oportunidad de estudiar una carrera universitaria y ser profesional, además sueña con tener un gran asadero, que sea rentable y reconocido, con el que pueda generar mejores ingresos y dar a su hijo un mejor bienestar y calidad de vida.

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

  • $11,100
    Average annual income
  • 486
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,895.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Lina Andrea to buy items (sausages and sodas) and make some publicity to attract more customers.
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:
Sep 25, 2014