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Gloria Catalina
Gloria is an enterprising woman. At 31 years of age, she makes a living working her own business of selling food. She is situated at the side of the highway that passes by the house where she lives in a well-known small town of the city. There, she works alone every day, selling waffles, fried foods, melt sandwiches, coffees, and other things.

The idea came out of the need to generate income to support household finances, since she was unemployed and job opportunities are very limited in the city. Her drive, determination and dedication have allowed her to get ahead, and her business has already been running for 9 months, and her customers from the area recognize her for the good products she offers.

She is now applying for a loan in order to invest it in the purchase of wholesale supplies (oil, vegetables, sauces, waffle mix, butter, and other items), to upgrade the space where she is located (put in a floor to level the work table and the deep fryer), and to upgrade part of the space to open an parking lot.

This will allow her to offer better service to her customers, because they will have the option to park their vehicles and enjoy the products on site. Furthermore, this will improve the image of the business, opening the possibility of attracting new diners, which will allow her to increase her sales and the income she receives from her labor.

This is how Gloria wishes to continue getting ahead and in the future, realize her dream of opening a restaurant in a commercial location, that would be more profitable and guarantee economic stability to be able to enjoy a better quality of life.
View original language description ↓
Gloria es una mujer emprendedora, a sus 31 años de edad genera sus ingresos trabajando en su propio negocio de venta de comidas, ubicado al lado de la carretera que pasa por la finca donde reside en un corregimiento muy conocido de la ciudad, allí trabaja sola todos los días, vende wafles, alimentos fritos, sándwiches derretidos, cafés, entre otros; la idea surgió de la necesidad de generar los recursos económicos para aportar a la economía de su hogar, pues se encontraba desempleada y las oportunidades de trabajo están muy limitadas en la ciudad. Su empuje, empeño y dedicación le han permitido salir adelante y ya lleva con su negocio 9 meses en funcionamiento, logrando que los clientes de la zona la reconozcan por los buenos productos que ofrece. Actualmente solicita el crédito con el fin de invertirlo en la compra de insumos al por mayor (aceite, verduras, salsas, mezcla para waffles, mantequilla, entre otros) y realizar adecuaciones al espacio donde está ubicada (poner piso para nivelar la mesa de trabajo y la freidora) adecuar una parte del espacio para abrir un parqueadero, esto le permitirá ofrecer un mejor servicio a sus clientes, pues tendrán la posibilidad de parquear sus vehículos y poder disfrutar los productos en el sitio, además esto le dará mejor aspecto a la imagen del negocio, abriendo la posibilidad de atraer nuevos comensales, lo que le permitirá aumentar sus ventas y los ingresos que recibe de su labor. Es así como Gloria desea seguir avanzando y en un futuro poder cumplir el sueño de abrir un restaurante en un local comercial, que le genere mayor rentabilidad y le garantice una estabilidad económica para disfrutar de mejor 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
  • 358
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,350 helped Gloria Catalina to buy wholesale supplies (oil, vegetables, sauces, waffle mix, butter, among others), to upgrade the space where she is located (put in a floor to level the work table and the deep fryer), and to upgrade part of the space to open a parking lot.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Sep 27, 2013
Oct 29, 2013
Currency Exchange Loss:
Nov 17, 2014