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Gladis Estella
Gladis, 50, has experienced great difficulties but motivated by her love for her 3 children and for her desire to better herself, she has managed to get ahead.

Fifteen years ago she started her own business, a stall selling natural juices and fruits, benefiting from bike lanes placed in the city; working on the days and hours that they are it operation. Little by little her business had good results and with her husband, they bought a house and set up a grocery store but some years later she separated from her husband and now counts on the income from the juice and fruit stand. Despite all the inconveniences, she has managed to generate resources to provide a decent life for her family.

The loan she is requesting will be invested in the purchase of supplies (fruits and disposables), plastics containers and utensils, this will allow her to fulfil the sanitary requirements demanded by authorities and also improve the image of her store, attracting new clients and improving her earnings that she receives in sales.

Gladis says her biggest wish is to continue strengthening her business so that it is more profitable and which guarantees an economic stability in order to continue supporting her children giving them an adequate university education so that they become people with integrity and forge a prosperous future.
View original language description ↓
Gladis, a sus 50 años de edad, ha pasado por grandes dificultades, pero motivada por el amor de sus 3 hijos y por su espíritu de superación, ha logrado salir adelante.
Hace 15 años comenzó con su propio negocio, un puesto de venta de jugos naturales y frutas, beneficiándose de las ciclovías que se implementan en la ciudad, pues trabaja los días y en los horarios en el que éstas funcionan; poco a poco su negocio fue dando buenos resultados y junto con su esposo compraron una vivienda y montaron una tienda de abarrotes, pero luego de unos años, se separó de su esposo y hoy en día, únicamente cuenta con los ingresos que da el puesto de jugos y frutas; a pesar de todos los inconvenientes, ella ha logrado generar los recursos para dar una vida digna a su familia.
El crédito que solicita será invertido en la compra de insumos (frutas y desechables), recipientes plásticos y utensilios de cocina, esto le permitirá cumplir con las exigencias de sanidad exigidas por las autoridades y además mejorará la imagen de su negocio, atrayendo así a nuevos clientes y mejorando las ganancias que recibe por las ventas.
Gladis manifiesta que su mayor anhelo es seguir fortaleciendo su negocio para que sea más rentable y le garantice una estabilidad económica para continuar apoyando a sus hijos y darles una educación universitaria adecuada para que sean personas íntegras y se forjen un futuro próspero.

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
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 2,049.4
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped Gladis Estella to purchase supplies (fruits and disposables), plastics containers and utensils.
94% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 21, 2014
Listed
Mar 3, 2014
Currency Exchange Loss:
Possible
Ended:
Apr 18, 2015