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Andrea
Andrea is 22 year old, and the mother of two children, ages six and three. She is in a common law marriage and has been working in different restaurants over the past three years, cooking different foods, but decided to work on her own so she could better care for her children. She started her own business two years ago, selling fried foods outside her home, where she works from 2:00 am to 8:00 pm all week. She does this in a very artesian way, using a wood-burning stove to fry her foods, such as empanadas, corn cakes with egg, ham sandwiches, and other things, and manages to earn enough to support her family. She is asking for a loan to buy a heated display case, a gas stove, and supplies in quantity (vegetates, meat, cooking oil, sauces, soft drinks, and other things) so she can improve her working conditions and reduce the risk of working with firewood. She will also make better use of the time and be able to sell more and increase her income. Andrea, with her entrepreneurial spirit, perseverance, and motivation through love for her family says that her main goal is to grow her business so that she will have financial stability so she can guarantee that her children will have a good education and a better future.
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Andrea, a sus 22 años de edad, es madre de dos hijos de 6 y 3 años y vive en unión libre con su compañero sentimental. Trabajó durante 3 años en diferentes restaurantes, encargada de la preparación de algunos alimentos, pero con el fin de independizarse y poder estar más pendiente de sus hijos, desde hace 2 años decidió montar su propio negocio de venta de alimentos fritos, ubicado en la parte externa de su vivienda, allí trabaja de 2:00 a 8:00 pm durante toda la semana, su labor es realizada de manera muy artesanal, pues utiliza un fogón de leña para freír los alimentos que ofrece como empanadas, arepas de huevo, tortas de jamón, pasteles de pollo, entre otros y, de esta manera ha generado el sustento diario para su familia. Solicita el préstamo con el fin de invertirlo en la compra de una vitrina calentadora, una fogón a gas e insumos al por mayor (verduras, carne, aceite, salsas, gaseosas, entre otros), así podrá mejorar las condiciones de trabajo y disminuirá el riesgo que implica tener el fogón en leña, además optimizará el tiempo y podrá vender más productos, generando así un nivel de ingresos más alto. Andrea, con su espíritu emprendedor, perseverancia y motivada por el amor a su familia, dice que su principal meta es hacer que su negocio crezca para que le permita tener una estabilidad económica con la que pueda garantizar que sus hijos tengas una excelente educación y un mejor futuro.

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

  • $11,100
    Average annual income
  • 471
    View loans »
    Colombia Loans Fundraising
  • $15,262,800
    Funds lent in using Kiva
  • 1,949.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Andrea to buy ingredients.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 8, 2013
Listed
Dec 8, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 25, 2014