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Sandra Milena
Sandra is a woman who strives and works hard. She is 28 years old and earns her living as an independent driver of a mototaxi. She learnt this trade from experience because of the need to help her husband generate the necessary income for the household. She has worked in this activity for one year, with a motorbike she rents for $ 10.00 per day. Her biggest challenge is the competition in her neighborhood, because it is a tradition that the people in the area use this kind of transportation to get around.

The loan she asks for will be used to buy a motorbike. With this motorbike, she will be able to continue offering the transportation service, but generate more profits because she will save on the expense to rent a motorbike.

Sandra’s plan is to continue her hard work and by this to have the possibility to make savings, and in the mid-term future to be able to buy her own home. This would very much improve the living conditions and the well-being of her family.
View original language description ↓
Sandra es una mujer guerrera y trabajadora, a sus 28 años de edad se gana la vida trabajando de manera independiente como moto taxista, el oficio lo aprendió de manera empírica y surgió de la necesidad de generar recursos para apoyar a su esposo con la carga económica del hogar. La actividad la realiza desde hace 1 año con una moto que alquila por $10.000 diarios, y su mayor desafío es la competencia actual que existe en el municipio, pues es una tradición que las personas de la región utilicen este tipo de transporte para su movilización.
El crédito que solicita está destinado para la compra de una moto, con lo que podrá continuar prestando el servicio de transporte de personas pero generando mayor rentabilidad, ya que ahorrará en gastos de alquiler.
Sandra tiene como propósito seguir trabajando arduamente para así tener la posibilidad de ahorrar y en un futuro a mediano plazo estar en la capacidad de adquirir una vivienda propia, lo que mejorará notablemente las condiciones de vida y bienestar de su familia.

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.

About Colombia

  • $6,070
    Average annual income
  • 300
    View loans »
    Colombia Loans Fundraising
  • $13,785,050
    Funds lent in using Kiva
  • 2,052.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Sandra Milena to buy a motorbike.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2014
Listed
Mar 9, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014