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Maria Silenia
Sra. Maria Silenia is 38 years old and the mother of four children (ages 18, 14, 7, and 1½). She is excited about moving forward along with her family. Four years ago, she started her own business selling merchandise such as undergarments, jeans, t-shirts, cosmetics, and blankets to her customers who reside in the town of La Ceja, which is located east of Antioquia. Sra. Maria Silenia has had difficulties because several of her customers have been without work, thus preventing them from paying their bills. This has resulted in losses.

Motivated to recover, Sra. Silenia has hope and wants to buy more inventory so that she can acquire new customers in order to generate more income. As a result, she will improve the quality of life for herself and her family.

View original language description ↓
La señora Maria Silenia a sus 38 años de edad es madre de cuatro hijos de 18, 14, 7 y un años y medio de edad, con el ánimo de salir adelante con su familia, desde hace 4 años inicio su propio negocio de venta de mercancía tal como ropa interior, jeans, camisetas, cosméticos y cobijas en donde sus clientes son los habitantes del municipio de la Ceja ubicado al oriente de Antioquia. La señora Maria Silenia ha tenido dificultades debido a que varios de sus clientes se han quedado sin empleo por lo que no le han pagado sus cuentas, lo que se refleja en pérdidas para la señora Silenia. Con el ánimo de recuperarse la señora Silenia tiene la esperanza de que comprando más surtido puede tener nuevos clientes y así mejores ingresos y poder entonces aumentar su calidad de vida y la de 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
  • 225
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,936.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Maria Silenia to buy men's and women's clothing.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 14, 2011
Dec 19, 2011
Currency Exchange Loss:
May 17, 2013