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Maria Rosmira
Sra. Maria Rosmira has been the owner of a small store in her home for the past year. Due to health limitations, she is not able to engage in heavy labor. Maria only handles the administrative functions of her store and leaves the rest to her husband who supports her unconditionally.

Hoping to improve her inventory and sales, Sra. Maria needs to buy different products such as sodas, snacks, liquor, and groceries. She dreams of improving her income, expanding her business, and improving the quality of life for her husband and two children.

View original language description ↓
La señora Maria Rosmira es dueña desde hace un año de una pequeña tienda adecuada en su casa, debido a las limitaciones de salud de la señora Maria Rosmira quien no puede realizar labores fuertes, ella se dedica sólo a la parte administrativa de la tienda y las demás funciones las realiza su esposo quien la apoya incondicionalmente. Con la esperanza de mejorar su surtido y sus ventas, la señora Maria necesita de la compra de diferentes productos tales como gaseosas, snacks, licor y abarrotes, soñando con mejorar sus ingresos y así ampliar su negocio y la calidad de vida de su esposo y dos hijos.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $17,913,950
    Funds lent in using Kiva
  • 1,938.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Maria Rosmira to buy sodas, snacks, liquor, and groceries.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Dec 16, 2011
Dec 22, 2011
Currency Exchange Loss:
Jan 15, 2013