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María Amparo
María, a charismatic and enterprising 60-year-old woman is mother to two children and head of the household since the death of her husband.

As she needed to generate income to get by, she started her own business renting washing machines. She started with one machine, but thanks to the good results that she has obtained, today she has eight washing machines for rent, whether by hour or by day, according to the need for customers.

Keen to bolster her business that bit more, María is seeking the help of a loan to buy a washing machine which will enable her to increase her installed capacity and be able to satisfy the current demand for her service, therein growing the sales to cover the household's basic costs.

María states that her greatest dream is to make her business more profitable and self-sustaining, which guarantees her a good financial stability to enjoy a calm and happy old age in the company of her children.
View original language description ↓
María, una mujer carismática y emprendedora de 60 años de edad, es madre de 2 hijos y cabeza de hogar desde el fallecimiento de su esposo.
Debido a la necesidad de generar ingresos para subsistir, inició su propio negocio de alquiler de lavadoras, comenzó con una máquina pero, gracias a los buenos resultados obtenidos, hoy en día cuenta con 8 lavadoras para alquiler ya sea por horas o por días, dependiendo de la necesidad de sus clientes.
Con el ánimo de fortalecer aún más su negocio, solicita el apoyo del crédito para comprar una lavadora, lo que le permitirá aumentar su capacidad instalada y poder satisfacer la demanda actual de su servicio, logrando así mejorar los ingresos para solventar los gastos básicos del hogar.
María manifiesta que su mayor anhelo es poder hacer de su negocio una actividad más rentable y auto sostenible, que le garantice una estabilidad económica favorable para disfrutar de una vejez tranquila y feliz en compañía de sus hijos.

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

  • $11,100
    Average annual income
  • 488
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,980.5
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $775 helped María Amparo to buy a washing machine.
92% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2014
Listed
Apr 6, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015