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Imelda
This is the story of Imelda, who is the head of her household. She has handed over her life to God, her job, and her 6 children, whom she has raised, fed, and supported with her vegetable sales business.

What makes this woman special? Imelda never had a fixed business location, so she sold her products all over Medellín. This single mother wakes up every day at 4 a.m. to stock her cart, which she pushes all over different residential zones in Medellín. She is an admirable woman and a perfect example of a mother who worries for her children and makes sacrifices every day to give them the best quality of life that she can. She is a perfect example of why men are not the dominant sex. She is a determined, ambitious, and tenacious woman who can achieve any goal with the resources that she has.

Today, she faces many challenges. One of them is winter, which makes her cart heavier and more difficult to push. It reduces her sales and causes her to be tired due to the physical exertion of pushing her cart along her route.

The loan that she has requested will be used to purchase a motorcycle so that it will be easier for her to take her products around the city. It will also provide one of her children with a job and will increase sales. Her dream is to leave a stable and profitable business to her children.
View original language description ↓
Esta la historia de Imelda, una madre cabeza de hogar la cual entrego toda su vida a Dios, a su trabajo y a sus 6 hijos, los cuales los crió, alimento y educo con su negocio de venta de legumbres. Pero que hace tan especial a esta mujer? -Imelda nunca tuvo un negocio fijo pues ella vende sus productos por todo Medellín, si, esta es la historia de una madre soltera que día a día madruga a las 4 de la mañana a la plaza para surtir una carreta la cual empuja por diferentes zonas residenciales de la ciudad de Medellín, una mujer de admirar, un claro ejemplo de una madre preocupada por sus hijos que se sacrifica diariamente para darles la mejor calidad vida posible, ella es un claro ejemplo de por qué los hombres no son el sexo dominante, de que una persona con determinación, ambición y firmeza puede lograr cada meta que se propone con los recursos que tiene a la mano. Hoy en día se enfrenta con diferentes dificultades, una de ellos es el invierno el cual hace que su carreta sea más pesada y difícil de llevar, disminuye sus ventas y le genera mayor cansancio debido al esfuerzo físico que tiene que emplear para transportar su carreta por su acostumbrada ruta de trabajo.
Los recursos solicitados son para comprar una motocicleta y así sea más fácil el desplazamiento por la ciudad, generando un empleo a uno de sus hijos y aumentando las ventas, ya que sueño es dejarle un negocio estable y rentable a su descendencia.

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
  • 177
    View loans »
    Colombia Loans Fundraising
  • $12,868,250
    Funds lent in using Kiva
  • 1,937.5
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,300 helped Imelda to purchase a motorcycle so that it will be easier to move her products around the city.
39% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2014
Listed
Apr 18, 2014
Currency Exchange Loss:
Possible