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María Doralba
María is 44 years old. She is married and the mother of two children, aged 10 and 11 years old. She works as an independent merchant, running her own business. It is a general store she set up in the living room of her house. She got the idea out of necessity of generating income to support her family. They were going through a hard time financially. She took advantage of the fact that there was a primary school close to her house and she started selling pastries to the students. Little by little, her clientele grew and the business became what it is today, a great, well stocked general store. She works there with her husband and together they have been able to overcome all of the obstacles and get their children ahead. She gets her drive and her strength from her family. They have motivated her to ask for the help of the sixth credit cycle. With it, she hopes to buy merchandise wholesale (dairy products, meat products, pastries, sodas, grains and more). She will also do some improvements on her locale (painting the locale). This will allow her to improve the image of the establishment and positively change the the perception of the passers-by so that they can become potential customers. In addition, she will have more variety of products available to sell. This will help improve profits and income that she gets to continue paying for her household's basic needs. Her only challenge, according to María, is that the area where she lives is very distant from headquarters and sometimes she runs out of stock because the deliveries are late from the suppliers. Nonetheless, this doesn't stop her from continuing to fight with love and dedication. She dreams of the possibility of having a good business and turning it into a mini-supermarket where people can fill all of their needs and tastes. This will open the possibility of offering her children an excellent both in high school and college so that they can become upright people and enjoy a better quality of life.
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María, a sus 44 años de edad, es casada y madre de dos hijos de 10 y 11 años. Se desempeña como comerciante independiente manejando su propio negocio, una tienda de abarrotes que montó en la sala de su casa. La idea surgió de la necesidad de generar ingresos para aportar a la economía familiar, pues estaban pasando por una difícil situación financiera. Aprovechó la oportunidad de tener una escuela aledaña a su casa y comenzó vendiendo mecato para los estudiantes, poco a poco la demanda de sus clientes fue aumentando y el negocio se convirtió en lo que es hoy en día, una gran tienda de abarrotes bien surtida; allí trabaja con su esposo y juntos han podido superar todos los obstáculos y sacar adelante a sus hijos. Su pujanza y la fortaleza que recibe de su familia, la motivan para solicitar el apoyo del sexto ciclo de crédito, con el que desea comprar surtido al por mayor (lácteos, cárnicos, mecato, gaseosas, granos, entre otros) y realizar mejoras locativas (pintar el local), esto le permitirá mejorar la imagen del establecimiento y cambiar positivamente la percepción de los transeúntes, que pueden convertirse en clientes potenciales, además, tendrá más variedad de productos disponibles para la venta, lo que le ayudará a mejorar las utilidades y los ingresos que recibe para continuar solventando las necesidades básicas de su hogar. Su único desafío, según María, es que el sector donde reside está muy alejado de la cabecera municipal por lo que algunas veces se queda sin surtido debido a la demora en las entregas de los proveedores; sin embargo, esto no la detiene para seguir luchando con amor y dedicación. Ella sueña con acreditar bien su negocio y convertirlo en un minimercado, en el que las personas puedan satisfacer todos los requerimientos y gustos y, así, abrir la posibilidad de brindar a sus hijos una excelente educación tanto secundaria como universitaria para que se conviertan en personas íntegras y puedan disfrutar de una 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
  • 465
    View loans »
    Colombia Loans Fundraising
  • $15,270,025
    Funds lent in using Kiva
  • 1,883.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped María Doralba to buy merchandise wholesale (dairy products, meat products, pastries, sodas, grains and more) and to make improvements on the locale (painting the locale).
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2013
Listed
Oct 30, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014