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Flor María
Flor, 48, is the mother of six children and the head of household since she separated from her husband. She is a victim of forced displacement, so she and her children came to the city in search of new opportunities to move forward. At first, she sold fruit from a cart, going on all the city streets. However, after 10 years, she decided to change careers and she now sells decorative items made of wood from a mobile stall in a busy area. She offers coat hangers, picture frames, magazine racks, and other items. Sometimes, she participates in artesian fairs. With the money she earns, she has been able to move her children forward, buy her own home, and pay for basic household necessities.

Flor is a thriving and enterprising woman. Her Her spirit of overcoming obstacles has led her to keep advancing. For this reason, she is requesting her sixth loan cycle. This option has provided her with many possibilities of progressing. With the loan, she wants to buy wholesale merchandise (items made of wood) so she can stock up for the upcoming Christmas season. Then she will have the ability to offer a wider variety of products to her customers, which will be reflected in increased sales and economic resources. Flor wants to keep working diligently because she wants to fulfill her dream of opening a small shop that will be profitable and long-lasting. She also hopes that this will allow her the opportunity to employ members of her nuclear family so she can provide a better quality of life and well-being to all those she loves.
View original language description ↓
Flor, a sus 48 años de edad, es madre de 6 hijos y cabeza de hogar desde que se separó de su esposo. Es una víctima más del desplazamiento forzado, por lo que en compañía de sus hijos llegaron a la ciudad en busca de nuevas oportunidades para salir adelante. Inicialmente se dedicó a vender frutas de manera ambulante en una carreta, por todas las calles del centro de la ciudad, pero desde hace 10 años cambió su actividad y ahora se dedica a vender artículos de decoración en madera en un puesto ambulante ubicado en una zona muy transitada, allí ofrece productos como percheros, portarretratos, repisas, revisteros, entre otros y, en algunas ocasiones ha participado en ferias artesanales; con los ingresos que esto le genera ha logrado sacar adelante a todos sus hijos, adquirió su casa propia y, ha solventado las necesidades básicas de su hogar. Flor es una mujer pujante y emprendedora, su espíritu de superación la han llevado a buscar opciones para seguir avanzando; por esta razón solicita el sexto ciclo de crédito, pues ha encontrado en esta opción grandes posibilidades para progresar. Con el dinero desea comprar mercancía al por mayor (artículos en madera) y así abastecerse para la temporada de navidad que se aproxima, pues tendrá la posibilidad de ofrecer más variedad de productos a sus clientes, lo que se reflejará en el incremento de las ventas y la entrada de recursos económicos. Flor desea seguir trabajando arduamente porque desea cumplir el sueño de montar un almacén bien surtido, que sea rentable y perdurable en el tiempo, además desea que le permita ofrecer oportunidades de empleo a personas de su núcleo familiar, dando como resultado un mejoramiento en el nivel de vida y el bienestar de todos los que ama.

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
  • 289
    View loans »
    Colombia Loans Fundraising
  • $13,837,125
    Funds lent in using Kiva
  • 1,880.8
    Colombia Pesos (COP) = $1 USD
Expired
A loan of $1,600 helped Flor María to buy wood products wholesale.
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2013
Listed
Oct 13, 2013
Currency Exchange Loss:
Possible
Expired:
Nov 12, 2013