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Rosa Emilia
Rosa is a person known for her charisma and her fighting spirit which has enabled her to get ahead in her life. Rosa comes from a very poor family, and now she is a single mother responsible for 2 children. Their father has never provided support for them. With the objective of supporting her family, Rosa opened a small general store a few months ago. She would like to grow this business and is requesting a loan to purchase a refrigerator and stock her store with familiar every day items. Rosa hopes her income will grow considerably. This would give her more money than she used to earn when she worked at a company for many years for very little pay. Rosa's dream is that her small store will grow and the increase in income will enable her to provide a good education for her children, and a better quality of life. She also hopes to help improve the quality of life for her mother, who is still very poor.
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Rosa es una persona que se ha caracterizado por tener un gran carisma y siempre tener un espíritu de lucha que le ha permitido salir adelante. Proveniente de una familia con muy bajos recursos económicos, Rosa es una madre soltera cabeza de familia de 2 hijos, a quienes su padre nunca les ha aportado económicamente para su sostenimiento. Rosa con el ánimo de generar ingresos para su familia, decidió montar hace aproximadamente 2 meses una tienda general donde ofrece productos de la canasta familiar. Con el ánimo de seguir montando su tienda, Rosa aspira a que un préstamo le brinde la oportunidad de acceder a la compra de estanterías, un refrigerador y productos de la canasta familiar para terminar de surtir su tienda.

Rosa espera que sus ingresos aumenten considerablemente, pues de esta manera podrá generar mayores ingresos de los que generaba en una empresa donde trabaja mucho tiempo por muy poco dinero. Rosa sueña con que su tienda crezca y le permita generar ingresos con los cuales pueda ofrecerles a sus hijos mejor educación y una mejor calidad de vida, además, Rosa sueña con que su madre que tiene tan bajos recursos económicos también pueda gozar de una mejor calidad de vida.

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
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Rosa Emilia to purchase a refrigerator for her small general store, as well as stock familiar every day items. The income from this store enables Rosa to support her two children.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 9, 2012
Mar 1, 2012
Currency Exchange Loss:
Sep 17, 2015