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Maria Elena
47-year old María is a lovely woman who, together with her husband, opened a store in order to increase their income and have some savings for when times were hard. She has five children, all of whom live at home and are still dependent on her and her husband. She prefers that they study and one day return the care and sacrifice that she has made for her beloved children. She employs one person whom she pays on a daily basis.

In a plan to attract more customers, María is seeking a loan to buy a refrigerator so she can sell frozen meat and other products that need to be kept cold such as drinks, vegetables, milk etc. She wants to turn her shop into a grocery store where customers can find all their daily needs. Then she will earn more money and her customers will also benefit. María will stock the refrigerator with a variety of products with the sole aim of improving her family’s quality of life.
View original language description ↓
María una adorable mujer de 47 años de edad que junto a su esposo monto una tienda con la intención de mejorar sus ingresos y tener unos ahorros para los tiempos difíciles.
Madre de 5 hijos los cuales viven todos con ella que aún son dependiente de ella y su esposo pesto que ella prefiere que estudien y en un futuro le devuelvan los cuidos y sacrificios que realizo por sus amados hijos.
Trabajo junto a una empleada que le colabora y a la cual le paga diariamente.
María en una estrategia por ganar mayor clientela solicita un crédito para la compra de un refrigerador y poder vender carnes frías y productos que necesiten refrigeración como refresco, vegetales, leche entre otros, quiere convertir su tienda en un granero en el que los clientes encuentren todos los productos de la canasta familiar aumentando sus ingresos dándoles un beneficio a sus clientes, también surtida su refrigerador con variedad de productos con el simple propósito de mejorar cada día la calidad de vida de su familia.

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
  • 478
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,910.2
    Colombia Pesos (COP) = $1 USD
A loan of $2,100 helped Maria Elena buy a refrigerator and stock frozen meat and drinks, etc.
Repayment Term
39 months (Additional Information)
Repayment Schedule
Apr 30, 2014
Jun 10, 2014
Currency Exchange Loss:
Jul 10, 2014