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Maria Edelmira
María Edelmira is 43 years old and has an eight year old son. For eight years she has run a produce shop, which was started by her brother. He didn't enjoy the work and sold it to María Edelmira after six months.

The produce shop is very close to María Edelmira's house, which allows her to care for her son. She works from 7AM to 7PM.

María Edelmira wants to undertake some renovation on her business, such as changing the shelving and baskets, and also stock more fruits and vegetables. The renovations will improve the look of her business and make it more attractive, growing her client base and sales.

She dreams of watching her business grow and with it, being able to offer a better quality of life to her family. She hopes to buy her own house in the future.
View original language description ↓
La señora María Edelmira a sus 43 años de edad tiene un hijo de 6 años. La señora María Edelmira tiene desde hace 8 años una legumbrería, la cual la inició un hermano a quien no le gusto esta actividad y a los seis meses se la vendió a la señora María Edelmira. La legumbrería esta muy cerca de la casa de la señora María Edelmira, lo que le permite estar muy pendiente de su hijo. El horario de trabajo de la señora María Edelmira es desde las 7:00 a.m hasta las 7:00 p.m. La señora María Edelmira requiere realizar a su negocio mejoras locativas tales como cambio de estantes y canastillas, además comprar surtido de frutas y verduras. Con lo anterior, la señora María Edelmira podrá mejorar la presentación de su negocio haciéndolo más atractivo y sus clientes y ventas aumentaran. La señora María Edelmira sueña con ver crecer su negocio y con este poder brindarle a su familia una mejor calidad de vida y a futuro comprar su propia casa.

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
  • 264
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,941.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Maria Edelmira to renovate her store and buy supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Nov 22, 2011
Nov 28, 2011
Currency Exchange Loss:
Sep 22, 2013