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Emilce Del Socorro
Emilce is separated and has two grown children. She is hardworking and enterprising.

Emilce has seven years of experience working as a seller at different restaurants within the city. At the moment, she has a business that she acquired where she sells food in general. Her dream is to expand and remodel the restaurant in order to improve the appearance and make it an enjoyable place where people can visit and enjoy delicious dishes.

This loan will be invested in the purchase of a coffee maker, a food warmer, display cases, and other important items to make her restaurant functional. Her income will be reflected in the higher revenue she can generate, which will help to greatly improve her quality of life and the well-being of her children.
View original language description ↓
Emilce es separada y tiene dos hijos mayores de edad, es trabajadora y emprendedora, tiene una experiencia de 7 años trabajando como vendedora en diferentes restaurantes del municipio. Actualmente adquirió un negocio donde también vende comidas en general, su sueño es ampliar el restaurante y adecuarlo para mejorar la imagen y lograr que sea un lugar agradable para quienes lo visitan a degustar sus deliciosos platos. El crédito lo invertirá en la compra de cafetera, calentador, vitrinas y otros artículos importantes para el buen funcionamiento de su restaurante. De esta manera sus ingresos se reflejarán en mayores ingresos y mejorando mucho más su calidad de vida y el bienestar de sus hijos.

Additional Information

More information about this loan

By funding this loan, you are promoting entrepreneurship in remote regions, including areas recovering from guerilla warfare in Colombia, and helping to reverse the rural exodus which occurred in the past decades when a the rural population fled their countryside homes for the safer cities.

This Kiva loan was created by Kiva's field partner Interactuar specifically for Kiva funding, in an effort to reach more borrowers in rural areas. Most of the Interactuar's lending operations are focused in urban parts of Medellin. But this loan product is designed to provide working capital to riskier agricultural businesses who have been traditionally excluded from the finance sector.

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
  • 418
    View loans »
    Colombia Loans Fundraising
  • $16,282,675
    Funds lent in using Kiva
  • 2,049.2
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Emilce Del Socorro to buy a coffee maker, a food warmer, display cases, and other items.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 12, 2014
Mar 23, 2014
Currency Exchange Loss:
Jul 17, 2014