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María Dignora
María is a married woman with 2 children whom she has gotten ahead with great determination and dedication. During her working life she worked for 13 years at an industrial steel company and then decided to go out on her own. With the severance pay she got she was able stock up her grocery store where she works every day from 9AM to 9PM. She has the advantage of being able to make an income while tending her family. She sells a variety of products as well as items for the Christmas season. She wants to buy more merchandise wholesale (personal hygiene products, accessories, stationery products, toys, decorative items, etc.). She's seeking the support of a loan so she'll be able to satisfy the requirements and diverse tastes of her customers, thus increasing sales and the income she makes for her labor.

María is positioning herself for a more prosperous future. She wants to keep working arduously to further strengthen her business and create job opportunities so she can improve her family's well being and quality of life.
View original language description ↓
María es una mujer casada y madre de 2 hijos a los que ha sacado adelante con mucho empeño y dedicación. Durante su vida productiva, trabajó por 13 años en una empresa industrial de acero, luego decidió independizarse y con la liquidación que recibió, pudo montar su almacén de variedades, en el que trabaja todos los días de 9 am a 9 pm y tiene la ventaja de poder generar recursos al mismo tiempo que está pendiente de su familia. Allí ofrece diversos productos y para la temporada de navidad, desea comprar más mercancía al por mayor (productos de aseo personal, accesorios, productos de papelería, juguetes, artículos decorativos, entre otros), por ello solicita el apoyo del crédito; así tendrá la posibilidad de satisfacer los requerimientos y diversos gustos de sus clientes, mejorando las ventas y los ingresos que percibe por su labor.
María se proyecta para tener un futuro más próspero, pues desea seguir trabajando arduamente para fortalecer más su negocio y poder generar oportunidades de empleo, así mejorará el bienestar de su familia y la 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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 541
    View loans »
    Colombia Loans Fundraising
  • $14,658,975
    Funds lent in using Kiva
  • 1,933.3
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $800 helped María Dignora to buy wholesale merchandise (personal hygiene products, accessories, stationery products, toys, decorative items, etc.).
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014