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Gloria Cecilia
Gloria, age 39, has two children. She lives in a common-law marriage with her life partner. She worked for several years for a telecommunications business. However, when she had her second son two years ago, she decided to become independent and start her own food business. She has a special liking for the culinary business. Additionally, she learned how to prepare yogurt. With the sale of these products that she makes and others that are already made, she gets the income needed to pay for the basic household necessities.

Gloria is a vigorous and enterprising woman who always looks for options that will allow her to get ahead. That is why she is requesting her first loan cycle. She will use the loan to buy supplies wholesale (fruit, milk, sugar, plastic containers), to get a portable refrigerator, and to register with INVIMA [National Institute of Medicines and Nourishment], which is required in order to sell her products.

This way she will be able to increase her production and sell more products because she will guarantee the good quality of the product that she sells. The customers will feel safer about consuming them. This will be reflected in the increase of her income. This way Gloria wishes to finish expanding her kitchen in order to improve her working conditions. In the near future she will be able to get a vehicle to transport the products that she sells and to make deliveries in an expeditious and timely fashion. This will lead to the generation of improved financial resources with which she will be able to provide her family with a better quality of life.
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Gloria, a sus 39 años de edad, es madre de dos hijos y vive en unión libre con su pareja. Trabajó durante varios años en una empresa de telecomunicaciones, pero cuando tuvo su segundo hijo hace 2 años, decidió independizarse e iniciar su propio negocio de comidas, ya que siente un gusto especial por la actividad gastronómica, adicionalmente aprendió a preparar yogurt y, con la venta de estos productos que elabora y otros ya elaborados, obtiene los ingresos necesarios para solventar las necesidades básicas de su hogar. La cliente es una mujer pujante y emprendedora que siempre busca opciones que le permitan salir adelante, por ello se motiva a solicitar su primer ciclo de crédito como apoyo para comprar los insumos al por mayor (frutas, leche, azúcar, envases plásticos), adquirir una nevera portátil y sacar el registro invima que le exigen para poder comercializar sus productos, de esta forma podrá aumentar su producción y vender más productos porque garantizará la buena calidad del producto que ofrece y los clientes se sentirán más seguros al consumirlos, esto se reflejará en el incremento de sus ingresos. De esta forma, Gloria desea terminar de ampliar la cocina para mejorar las condiciones de trabajo y en un futuro cercano poder adquirir un vehículo para transportar los productos que comercializa y realizar las entregas de una manera ágil y oportuna, dando paso a la generación de mejores recursos económicos con los que podrá brindar una mejor calidad de vida a su familia.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,478,725
    Funds lent in using Kiva
  • 1,881.8
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,075 helped Gloria Cecilia to buy supplies wholesale (fruit, milk, sugar, plastic containers), to get a portable refrigerator, and to register with INVIMA.
63% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
Possible