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Blanca Nubia
At 52 years of age, Blanca is an enterprising woman who must deal with a difficult financial situation. She decided to establish a small business in a space in her house where she offers beer, sodas, candy, and snacks. Blanca is the mother of three children. Her best intention is to provide them with a better future, so she plans to work with great dedication in order to move her business forward and make progress. She dreams of having her own house and a larger space for her store so that she can offer more variety. Today her space is very limited.


With the desire to make progress, Blanca wants to buy merchandise in bulk so that she can generate better earnings. However, she does not have the necessary capital to accomplish this. She is requesting a loan so that she can buy more sodas, beer, candies, and snacks. As a result, her income will increase and her quality of life will improve considerably.

View original language description ↓
A sus 52 años de edad Blanca es una mujer emprendedora que debido a la difícil situación económica decidió montar un negocio en un pequeño espacio de su casa allí ofrece vende cerveza, gaseosa, dulces y snacks en general, es madre de 3 hijos y su mayor ilusión es poder ofrecerles un mejor futuro por lo que trabaja con gran dedicación para sacar su negocio adelante y progresa, sueña con tener una casa propia y un espacio mas grande donde tener una tienda de mayor variedad, pues hoy en día el espacio es muy limitado.

Con el anhelo de progresar, blanca quiere comprar mercancía en mayor cantidad para obtener mejores ganancias pero no cuenta con el capital necesario para hacerlo, por lo que solicita un crédito que le permita comprar mas gaseosas, cervezas, dulces y snaks, así sus ingresos se incrementaran y su calidad de vida mejorará notablemente

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
  • 318
    View loans »
    Colombia Loans Fundraising
  • $18,147,825
    Funds lent in using Kiva
  • 1,878.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Blanca Nubia to buy sodas, beer, candies, and snacks.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Oct 30, 2011
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2015