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Laura Estefanía
At the age of 20, and as a mother and the head of her family, Laura Estefania found it necessary to work independently to generate her own income and at the same time be at home with her two children.

This is why this young entrepreneur sells merchandise: clothing for men and women, accessories and personal care products, and other items.

Her dream is to have her own store location where she can sell her merchandise. Currently, her growth is limited by a lack of capital to invest in more stock. For this reason, this young woman needs a loan in order to be able to offer a greater variety to her customers. This will translate to a higher income and a better quality of life for her and her family.
View original language description ↓
A sus 20 años de edad y como madre cabeza de familia, Laura Estefanía se vio en la necesidad de trabajar como independiente para generar sus propios ingresos y a su vez estar en su casa para estar al lado de sus dos hijos.

Es así como esta joven emprendedora se dedica a la venta de mercancía: ropa para dama y hombre, accesorios y productos de aseo personal, entre otros.

Llegar a tener un almacén con un local propio en el que pueda vender su mercancía es el sueño de Laura Estefanía quien actualmente se ve limitada a crecer por la falta de capital para invertir en más surtido, por eso, esta joven necesita de un préstamo para poder ofrecerle mayor variedad a sus clientes lo que se traducirá en mayores ingresos y una mejora calidad de vida para ella y su familia.

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.

About Colombia

  • $11,100
    Average annual income
  • 306
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,758.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Laura Estefanía to purchase merchandise to expand the variety of products that she offers.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 15, 2011
Aug 1, 2011
Currency Exchange Loss:
Sep 15, 2012