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Nubia Estela
Nubia, who is 46 years old, is a dedicated mother who looks after the well being of her two children, whom she has moved forward with great effort, since all of the responsibility has fallen on her since the death of her husband.

Throughout her working life, she has worked at a business. However, due to health issues that she had for a while, she was fired. Since she needed to earn money to pay her expenses, she decided to open a restaurant and bar where she will work from Fridays to Sundays and that will offer desserts and liquor.

With the goal of earning additional income and taking advantage of her free time during the week, she decided to open a small grocery store. She has already rented a kiosk and needs to purchase a freezer, chairs, heated display case, coffeemaker, shelves, and bulk stock. This will allow her to begin her new project, which she hopes will generate enough income to re-invest in her business and turn them into self-sustainable small businesses. This will guarantee financial stability so that she can provide her family with a better quality of life.
View original language description ↓
Nubia, a sus 46 años de edad, es una madre dedicada que vela por el bienestar de sus dos hijos, a los que ha sacado adelante con gran esfuerzo, ya que toda la responsabilidad recayó sobre ella, luego del doloroso fallecimiento de su esposo.
Durante su vida productiva trabajó durante varios años en una empresa, pero por serias dificultades de salud que sufrió por un tiempo, se le terminó el contrato, en vista de la necesidad de generar ingresos para solventar los gastos, decidió iniciar una salsamentaría y licorera, en la que trabaja sola de viernes a domingo, ya que básicamente ofrece mecato y licores.
Con el ánimo de complementar los ingresos y aprovechar el tiempo que tiene disponible entre semana, desea comenzar una tienda de abarrotes, para lo cual ya tomó en arriendo un quiosco y requiere comprar una nevera, silletería, vitrina calentadora, una cafetera, estanterías y surtido al por mayor, esto le permitirá dar inicio a su nuevo proyecto productivo, con el que espera generar los recursos suficientes para seguir reinvirtiendo en sus negocios y convertirlos en microempresas auto sostenibles, que le garanticen una estabilidad financiera para poder brindar una mejor calidad de vida a su familia.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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.

Tags

About Colombia

  • $6,070
    Average annual income
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,496,050
    Funds lent in using Kiva
  • 1,973.8
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,800 helped Nubia Estela to purchase a freezer, chairs, heated display cabinet, a coffeemaker, shelves, and bulk supplies.
27% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2014
Listed
Apr 2, 2014
Currency Exchange Loss:
Possible