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Gloria Elena
Gloria, 47, is a single mother. Her son is 13 years old and she has managed to raise him with great effort and dedication.

She needed to generate an income to cover the family’s expenses, so she had to look for a way to do it. This is why fifteen years ago she decided to start selling different things such as clothes, sneakers and socks. She works every day, with no particular schedule, because she has to wait until her customers have time to see her. As an additional activity, she has a food stall where she sells fast food. She works alone, at night, from Thursday to Sunday. This way, she has managed to give her only child support, food, clothing and education.

She is requesting a loan to strengthen her business. She will buy merchandise and supplies in bulk (jeans, shirts, sneakers, school socks, cold cuts, beverages, sauces, etc.). This will help her to continue with both activities and improve the profits from her sales.

Gloria’s dream is to open a store where she can offer her products and provide a better customer service. This will result in a more profitable business, which will help her to pay a better education for her son (both high school and university). He will then become an honest, prosperous and successful professional.
View original language description ↓
Gloria, a sus 47 años de edad, es madre soltera de un hijo de 13 años al que ha sacado adelante con gran empeño y dedicación.
La necesidad de generar recursos para solventar los gastos de su familia, la obligaron a buscar alternativas de vida, razón por la que inició desde hace 15 años con la venta de mercancía como ropa, tenis, medias, labor que realiza todos los días sin un horario específico, pues depende del tiempo en que sus clientes la puedan atender y, para complementar los ingresos también tiene un puesto de venta de comidas rápidas en el que trabaja sola de jueves a domingo en las noches; así ha logrado brindar sustento, alimentación vestido y educación a su único hijo.
El crédito que solicita lo invertirá en el fortalecimiento de sus negocios, pues comprará mercancía e insumos al por mayor (jeans, camisetas, tenis, medias escolares, carnes frías, gaseosas y salsas, entre otros), esto le permitirá continuar con ambas labores y podrá aumentar el nivel de utilidades por venta.
El sueño de Gloria es abrir un local comercial en el que pueda ofrecer sus productos y brindar un mejor servicio al cliente, dando paso a un incremento en la rentabilidad, así podrá ofrecer una mejor educación secundaria y universitaria a su hijo para que se convierta en un profesional próspero, íntegro y exitoso.

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

  • $6,070
    Average annual income
  • 290
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 2,050.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Gloria Elena to buy merchandise and supplies in bulk (jeans, shirts, sneakers, school socks, cold cuts, beverages, sauces, etc.).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 10, 2014
Listed
Feb 9, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014