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Nidia
Nidia is an enterprising woman, with great convictions and always looking to the future; always looking for opportunities that life offers and making the most of them.

She is the mother of two children of 13 and 9 years old, and she wants to ensure a stable and lasting future for them. That is why she wants to start a business selling ice creams and fast food. The problem is that she does not have sufficient capital to start it up, and this is the reason she is requesting a loan to be able to make her dream come true.

She will invest the money in buying a fridge, chairs, tables, assorted ice creams and purchasing materials for the fast food.

The loan will enable her to have the hope her own business and a stable income.
View original language description ↓
Nidia es una mujer emprendedora, con grandes convicciones y visión siempre al futuro; buscando siempre las oportunidades que la vida le ofrece y sacándoles el máximo provecho.
Es madre de dos hijos de 13 y 9 años y quiere asegurarles un futuro estable y duradero, por eso desea iniciar un negocio de venta de helados y comidas rápidas. El problema es que no cuenta con el capital suficiente para montarlo y es por eso que acude a un préstamo para poder hacer realidad su sueño.
Ella invertirá el dinero en la compra de una nevera, sillas, mesas, surtido de helados y compra de insumos e ingredientes para las comidas rápidas.
El préstamo le permitirá tener la ilusión de tener un negocio propio y unos ingresos estables.

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
  • 245
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,885.0
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $5,325 helped Nidia to buy a fridge, chairs, tables, assorted ice creams and purchase ingredients for food preparation.
16% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
Possible