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Flora Aydes
Flora is a single mother of three children. She has never received any support from their father, so she has put a lot of effort into providing for them. She has always been an active woman and a fighter. For many years she worked as a kitchen assistant in a restaurant. Then she worked for a family as a domestic. But in order to spend more time with her children, she wants to become independent and start her own business selling fast food. Her idea stems from her need and because she will be able to make the most of her extensive food-handling experience.

This has motivated her to request the support of a loan, which she will use to purchase a hot-dog cart, a propane burner, kitchen utensils, wholesale ingredients (buns, meats, sauces, sodas), and a heating case. This will allow her to start her business venture, which she expects will give very good results in order for her to continue financially supporting her children.

Flora says her greatest desire is to see her business running because she knows that with a lot of hard work, effort, and dedication, she will be able to keep it going and make it well-known in the neighborhood. And she will be in a position to give her loved ones better living standards and wellbeing.
View original language description ↓
Flora es una madre soltera de 3 hijos a los que ha sacado adelante con gran esfuerzo; pues nunca ha recibido el apoyo del padre de sus hijos.
Se ha caracterizado por ser una mujer activa y guerrera, durante muchos años trabajó como auxiliar de cocina en un restaurante, luego pasó a trabajar como empleada doméstica interna en una casa de familia; pero con el ánimo de pasar más tiempo con sus hijos desea independizarse y montar su propio negocio de venta de comidas rápidas; la idea surge por la necesidad y para aprovechar que posee amplia experiencia en el manejo de alimentos.
Esto la impulsa a solicitar el apoyo del crédito con el que comprará el carrito de perros, pipeta a gas propano, utensilios de cocina, surtido al por mayor (panes, carnes frías, salsas, gaseosas) y una vitrina calentadora; así podrá dar inicio a su proyecto productivo con el que espera generar muy buenos resultados para seguir apoyando económicamente a sus hijos.
Flora manifiesta que su mayor anhelo es ver su negocio en funcionamiento, pues sabe que con mucho trabajo, esfuerzo y dedicación podrá sacarlo adelante y lograr que sea reconocido en el sector; así estará en la capacidad de dar mejores condiciones de vida y bienestar a los que ama.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 469
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,928.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,825 helped Flora Aydes to buy a hot-dog cart, a propane burner, kitchen utensils, wholesale ingredients (buns, meats, sauces, sodas), and a heating case.
98% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 28, 2013
Listed
Dec 30, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014