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Maria Erney
A mother's love has no limits. It cannot be measured. The things a mother does for her child are just unfathomable. One such mother is María who has a five-year-old son (shown in the photo). María is single and works only for her son's future.

After becoming unemployed and María was desperate for work. Now, thanks to an organisation providing legal loans at fixed rates, María can dream of starting her own business to cover household costs and her son's expenses.

María is applying for a loan in order to start a business selling ice creams, soft drinks, fizzy drinks and snacks. The loan will be invested in buying a door, a rug, decorations, paint, stock, a freezer and display cases.

María's biggest challenge will be gaining customers and establishing her business in a sustainable way for her and her son. She is placing her faith in the loan, which will be a very important step in her life.
View original language description ↓
El amor de una madre no tiene límites no se puede medir y las cosas que una madre hace por su cría son inimaginables, una de estas madre es María madre de una pequeño de 5 años (ver foto), soltera y solo trabaja pro el futuro de su hijo.

Al quedarse desempleada se veía desesperada pero gracias a la ayuda de una entidad que le prestara a cuotas fijas y fuera totalmente legal puede soñar con montar un negocio para sostener los gatos de su hogar y as u hijo.

Solicita un crédito para iniciar su negocio de venta de helados, refrescos, gaseosas, snack, el crédito lo invertirá en la compra de puerta, persiana, decoración, pintura, surtido, congelador y vitrinas).

Su mayor desafío es cautivar la clientela logrando posicionar su negocio y hacer de este un medio sostenible en el tiempo para ella y su hijo por tal razón apuesta todo en este crédito que será uno de los pasos más importantes en su vida


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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $13,969,325
    Funds lent in using Kiva
  • 1,887.8
    Colombia Pesos (COP) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $3,200 helped Maria Erney to start a business selling ice creams, soft drinks, fizzy drinks and snacks. The loan will be invested in buying a door, a rug, decorations, paint, stock, a freezer and display cases.
25% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2014
Listed
Aug 19, 2014
Currency Exchange Loss:
Possible