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For Doris, one of the advantages of working from home is that she does not have to neglect her children. She started her business some time ago so that she could contribute to the household expenses. This enterprising woman prepares lunches for people who work in the area.

In the future, Doris hopes to have her own space that is separate from her house so that she can have a true restaurant. She currently needs a loan to buy a refrigerator, supplies, and a few utensils that will be put to great use as she prepares food.

View original language description ↓
Trabajar desde su casa sin descuidar a sus hijos es una de las ventajas de Doris, quien desde hace algunos años empezó con su propio negocio que le permite aportar a cubrir los gastos del hogar. Esta emprendedora realiza almuerzos para las personas que laboran en el sector.

En el futuro, Doris espera tener su propio local independiente de su casa para tener un verdadero restaurante. Actualmente necesita de un préstamo para comprar una nevera, insumos y algunos utensilios que le serán de gran utilidad para la elaboración de los alimentos.

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
  • 375
    View loans »
    Colombia Loans Fundraising
  • $18,147,825
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Doris to purchase a refrigerator, supplies, and a few utensils for preparing lunches.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Aug 11, 2011
Sep 5, 2011
Currency Exchange Loss:
Jun 15, 2012