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María Elsy
María is a dreamer, entrepreneur, and a fighter. She has never liked to see herself as an employee and always opted for independence, having her own business and generating her own income. At this time, she has a daughter who i sin college and that is what inspires her every day. She is a proud mother whose only dream is to see her daughter graduate and have a career. María is the owner of a general store where she sells different products such as groceries, vegetables, pharmaceuticals and personal hygiene items. But this woman's determination and ambition don't stop there and she wants to acquire a cooler and stock it with cold cuts to give her customers a wider variety of products so they can find all types of items in her store that they need for their homes. It is very necessary because the big markets are at a distance from the residential area where Maria works. It is a help not only for María but for the area residents so they can have a wide variety of products at their reach. She can be known not only for her smile when she serves her customers but as a person who had a goal and was able to fulfill her own needs and that of many area residents.
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María es una mujer soñadora, emprendedora y luchadora que nunca le ha gustado verse como una empleada, siempre optó por ser independiente, de tener su propio negocio y generar sus propios ingresos. Actualmente tiene una hija estudiando en la universidad y es ella la motivación por la cual se inspira cada día, es una madre orgullosa que tiene un único sueño y es ver a su hija convertida en toda una profesional. María es la dueña de un local de miscelánea en la cual vende diferentes tipos de productos desde abarrotes, verduras, productos farmacológicos y de aseo personal, pero la determinación y ambición de esta mujer no termina ya que quiere adquirir un enfriador, surtirlo con carnes frías para darles a sus clientes una mayor variedad de productos y encontrar en su tienda todo tipo de artículos que requieran para el hogar y es muy necesario pues los grandes mercados quedan retirados del sector residencial donde labora María, es una ayuda no solo para María si no para los habitantes de la zona que pueden tener una amplia gama de productos a su alcance, poder ser reconocida no solo por su sonrisa a la hora de atender un cliente si no por una persona que con un propósito logro satisfacer una necesidad propia y la de muchos habitantes de su zona.

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
  • 468
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,928.6
    Colombia Pesos (COP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped María Elsy to acquire a cooler and stock up on cold cuts.
90% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2014
Listed
Apr 19, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015