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Adriana Milena
Adriana, 38, is a single mother with three children. Throughout her working life she has earned a living in the field of commerce.

Ten years ago Adriana was able to acquire a grocery store located in the front of the house where she lives. She works there alone every day, thanks to her experience running this type of business, because some of her relatives earn a living in this line of work. She sells all the staple products that families need, generating the income to pay for her basic household necessities.

Adriana's main challenges are the competition in the field and managing to support her family with her income. Nevertheless, she's known for being strong, active, and hardworking.

Adriana's always looking for new alternatives so she can continue making progress. This is why she's requesting the support of the loan to buy stock wholesale (soda, beer, snack food, and other things). This will allow her to have available products to satisfy demand, which increases with the coming Christmas season. She'll have better sales and improve her income.

Adriana dreams of positioning her business and buying a store in the future so she doesn't have to keep paying rent, which is very costly and affects the family finances. Doing this, she'll be able to give her children greater well-being and a better education as well as economic stability and a favorable quality of life.
View original language description ↓
Adriana, con 38 años de edad, es una madre soltera de 3 hijos. Durante su vida productiva se ha dedicado a trabajar en el área comercial y, desde hace 10 años pudo adquirir una tienda de abarrotes ubicada la frente de la casa donde reside, allí trabaja solo todos los días, gracias a la experiencia que tiene en el manejo de este tipo de establecimientos, ya que algunos de sus familiares se dedican a esta actividad; ofrece todo tipo de productos para la canasta familiar y, de esta manera ha generado los ingresos necesarios para solventar las necesidades básicas de su hogar. Sus principales desafíos son la competencia que hay en el sector y lograr mantener a su familia con los ingresos que obtiene; sin embargo, la cliente se caracteriza por ser pujante, activa y trabajadora y, siempre va buscando nuevas alternativas que le permitan seguir avanzando, por ello solicita el apoyo del crédito con el que desea comprar surtido al por mayor (gaseosas, cervezas, mecato, entre otros), lo que le permitirá tener disponibilidad de productos disponible para satisfacer la demanda que aumenta con la temporada de navidad que se aproxima, permitiéndole tener más ventas y mejorar los ingresos que recibe por su labor. Adriana sueña con formalizar su negocio, acreditarlo y, en un futuro poder comprar un local para no tener que seguir pagando arriendo, pues es muy costoso y afecta las finanzas familiares; haciendo esto podrá brindar un mejor bienestar y educación a sus hijos y tendrá la oportunidad de ofrecerles una estabilidad económica y calidad de vida favorable.

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
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,919.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Adriana Milena to buy stock wholesale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 9, 2013
Listed
Nov 8, 2013
Currency Exchange Loss:
Possible
Ended:
May 22, 2014