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Melva Rosa
Melva is an energetic and enterprising woman who is a mother of three children and head of her household, since the death of her husband left her with the economic responsibility for her family.

She lived in the Cauca Valley; and after a painful mourning period, she started her own grocery business, as it was difficult to find work, and she had to provide for her family. Little by little, her business grew, and she was able to open a grocery store. But six years ago, violence in the area forced her to move to the city, where she currently lives. She started over, opening a new grocery business, and this is how she has managed to provide for her children and give them an education.

With the goal of improving her income, she wants to open a grocery store again, as she sees that there is no competition on her block, and she would like to make the most of this opportunity.

For this reason she is seeking a loan, which she will use to purchase display cabinets, shelving, and wholesale food supplies (grains, pasta, chocolate, eggs, dairy products, and other similar items). This will make it possible for her to establish her business, where she will work every day from 6:30 a.m. until 10 p.m., in order to provide good service to her community.

This is the way that Melva wants to continue striving to improve her children’s quality of life and well-being. In addition, she will try to locate her business in the zone that would guarantee favorable economic stability.
View original language description ↓
Melva es una mujer activa y emprendedora, madre de 3 hijos y cabeza de hogar desde que tuvo que afrontar el fallecimiento de su esposo, dejándola con la carga económica y con sus tres hijos pequeños. Vivía en el Valle del Cauca y, luego de hacer el duelo por ese doloroso momento, inició su propio negocio de venta de comidas, ya que le era difícil encontrar oportunidades laborales y debía generar recursos para solventar los gastos familiares, poco a poco su negocio fue creciendo y logró abrir una tienda de abarrotes, pero debido a la violencia que se presentaba en la zona, tuvo que trasladarse para la ciudad donde vive actualmente, donde comenzó nuevamente con la venta de comidas desde hace 6 años y así ha logrado generar ingresos para dar educación y sustento a sus hijos.
Con el ánimo de mejorar los ingresos desea reiniciar una tienda de abarrotes, aprovechando la ventaja de no poseer competencia en la cuadra donde vive, para ello solicita el crédito con el que comprará vitrinas, estanterías y surtido al por mayor (granos, pastas, chocolate, huevos, lácteos, entre otros), esto le permitirá dar inicio a su proyecto productivo en el que trabajará diariamente de 6:30 am a 10 pm, para prestar un buen servicio a la comunidad.
De esta forma Melva desea seguir luchando para mejorar el bienestar y la calidad de vida de sus hijos, además pretende posicionar su negocio en el sector para que le garantice una estabilidad económica favorable.

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
  • 507
    View loans »
    Colombia Loans Fundraising
  • $15,250,425
    Funds lent in using Kiva
  • 1,963.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,800 helped Melva Rosa to purchase display cabinets, shelving, and wholesale food supplies (grains, pasta, chocolate, eggs, dairy products, and similar items).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2013
Listed
Jan 20, 2014
Currency Exchange Loss:
Possible
Ended:
Aug 30, 2014