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Angelina, 52, has two children that she works hard for with her husband. She makes arepas [traditional corn griddle cake] to sell, an activity she currently does at home since her husband lost his job and they needed a source of income to cover household expenses.

Angelina has noticed how her sales have increased so she needs to remodel her kitchen so that she can fill the orders she gets. Besides, it’s currently situated in a position where contaminants could affect her products.

Angelina dreams with her business’ growth to such an extent that she can open a sales point and not have to produce at home and that her income improves so that she can provide her children with the education they need.
View original language description ↓
La señora Angelina tiene 52 años y tiene dos hijos por los que trabaja fuertemente con su esposo. Se dedica a la producción y venta de arepas, actividad que hace en su casa desde el momento en que su esposo se quedó sin empleo y necesitaban una fuente de dinero para poder sostener con los gastos del hogar. Actualmente la señora Angelina ha visto como han crecido sus ventas, por lo que necesita remodelar su cocina para poder producir los pedidos que le hacen, además, de que se encuentra en un sitio donde puede haber contaminantes para su producto. Angelina sueña con que su negocio crezca de manera que pueda abrir un punto de venta y no lo tenga que producir desde su casa, y que le mejore sus ingresos con lo que pueda brindarles a sus hijos la educación que necesitan.

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
  • 275
    View loans »
    Colombia Loans Fundraising
  • $17,889,125
    Funds lent in using Kiva
  • 1,942.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Angelina to build a new kitchen.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Dec 28, 2011
Jan 1, 2012
Currency Exchange Loss:
Oct 17, 2012