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Dedication and love for her family are the best ways to describe Sorangel, a woman who at age 52 has always looked for a way to help her 4 children and husband to get the best quality of life possible. Since her last pregnancy almost 20 years ago, Sorangel launched her general store, and thanks to this business, she has been able to cover the household expenses. Because her business has been successful, her products have been running considerably low, which is why Sorangel needs to purchase more products. However, she does not have the necessary capital, which is why she hopes that with this loan, she will be able to restock her shop with the merchandise that her customers always ask for. Sorangel hopes that with a well-stocked shop, sales will increase and in so doing, so will her profits. Thus, she will be able to obtain her dream of providing her children with financial stability in the future, and that they will be able to gain access to the best education possible.
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Dedicación y amor por su familia son la mejor manera de reconocer a Sorangel, una mujer que a sus 52 años siempre ha buscado la manera de que sus 4 hijos y su esposo tengan la mejor calidad de vida posible. Desde su último embarazo, hace cerca de 20 años, Sorangel inició con la actividad de la venta de productos en su tienda general, y gracias a esta ha podido sufragar los gastos de su hogar. Gracias a que su negocio ha tenido una muy buena acogida, su surtido se ha venido rebajando considerablemente por lo que Sorangel requiere de la compra de más surtido para su negocio. Sin embargo, Sorangel no dispone del capital necesario, por lo que aspira a que con un préstamo pueda acceder a surtir su negocio con la mercancía que sus clientes siempre le piden. Sorangel aspira que con su tienda bien surtida se incrementen sus ventas y por ende sus ingresos, y poder así cumplir su sueño de brindarles a sus hijos una buena estabilidad económica en un futuro y que puedan acceder a la mejor educación posible.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Sorangel to purchase merchandise for her shop and meet customer demand.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Jan 12, 2012
Jan 19, 2012
Currency Exchange Loss:
May 17, 2013