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Rosa Adela
Rosa has had her own business, a grocery store, for the past 13 years.

It started as a way for her to generate income when her family was going through an economic crisis after her husband passed away.

Since then she has taken care of her three children and all the household costs.

She has worked since she was very young since her family has had these types of businesses. She offers all kinds of day to day products and she works every day of the week in order to take advantage of the fact that her customers are used to buying food on a daily basis. This way she generates enough income to feed her children and have basic household needs.

She is requesting a loan to buy supplies at wholesale (pastries, dairy products, cold cuts, cookies, chocolates, coffee, toiletries, grains etc) this way she can have a larger variety of products to satisfy the increasing demand during the Christmas season.

This will increase her profits and Rosa can get closer to her goal of expandingher business and can generate employment opportunities and improve the quality of life of her family as well as people involved in the business.
View original language description ↓
Rosa, desde hace 13 años se dedica a atender su propio negocio, una tienda de abarrotes que inició como una opción para generar recursos por cuenta propia, ya que su familia pasaba por una crisis económica luego del fallecimiento de su esposo, por lo cual ella quedó a cargo de sus 3 hijos y lleva las riendas del hogar desde aquel entonces. Conoce la labor desde que era muy pequeña, pues toda su familia ha vivido de este tipo de negocios. Allí ofrece gran cantidad de productos que hacen parte de la canasta familiar y trabaja todos los días de la semana para aprovechar la ventaja de que en el sector los habitantes acostumbran a comprar diariamente los alimentos; de esta manera genera los recursos suficientes para dar alimento a sus hijos y satisfacer las necesidades básicas del hogar. El crédito que solicita es para invertirlo en la compra de surtido al por mayor (mecato, lácteos, carnes frías, galletería, chocolate, café, productos de aseo, granos, entre otros), así podrá abastecerse con más variedad de artículos para satisfacer la demanda que aumenta en la temporada navideña que se aproxima; esto dará como resultado un incremento en las ganancias que obtiene por su labor. De esta manera Rosa podrá seguir adelante y avanzar hacia el cumplimiento de su principal objetivo que es ampliar su negocio y poder generar oportunidades de empleo, mejorando así la calidad de vida tanto de su familia, como la de otras personas que influyan en esta actividad.

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

  • $11,100
    Average annual income
  • 500
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,916.1
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped Rosa Adela to buy supplies at wholesale (pastries, dairy products, cold cuts, cookies, chocolates, coffee, toiletries, grains etc).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 18, 2013
Listed
Nov 23, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014