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Flor Alba
Flor is someone who has always considered herself to be very hardworking and so, seeing that her husband's income was not sufficient to cover household costs, she decided to set up her own business and thus contribute financially to pay household costs. So she acquired a business that was available in the central park of her municipality and began working hard to get ahead. Her business is a bar where she also offers her customers games such as billiards and other games of chance. Thanks to her good customer service and good location she can make very good sales in her business and this allows her to have a good income for her household. Since her sales are increasing in her business but she doesn't have enough capital to make it grow, Flor is seeking a loan that would allow her to purchase drinks and other, additional products in order to stock her bar and offer her customers a good variety of items.

In this way she will have the chance to keep generating the income that her household needs to keep having a good quality of life, in addition to being able to continue offering her ten-year-old son access to a good-quality education. Her greatest dream is to keep on in her business since it has allowed to her to make considerable improvements to her life circumstances, and to generate employment in the future for those who are most needy, in order to improve the quality of life of others.
View original language description ↓
Flor es una persona que siempre se ha considerado muy trabajadora, por esto al ver que los ingresos que su esposo no eran suficientes para sostener los gastos de su hogar decidió montar su propio negocio y así contribuir económicamente con los gastos del hogar. Fue así como obtuvo un negocio que estaba disponible en el parque central de su municipio y comenzó a trabajar fuertemente para que este saliera adelante. Su negocio es un bar donde ofrece a sus clientes también juegos como billar y otros juegos de azar, y gracias a la buena atención que tiene y la buena ubicación puede tener muy buenas ventas para su negocio y esto le permite tener unos buenos ingresos para el hogar. Debido a que su negocio viene creciendo en ventas, pero no cuenta con un capital suficiente para poderlo hacer crecer, Flor busca que un préstamo le permita comprar bebidas y otros productos más que ofrece en su bar para surtirlo y ofrecer a sus clientes una buena variedad de productos.

De esta manera tendrá la oportunidad de seguir generando los ingresos que se requieren en su hogar para seguir teniendo una buena calidad de vida, además de poder seguirle brindando a su hijo de 10 años de edad el acceso a una educación de buena calidad. Su mayor sueño es seguir teniendo su negocio ya que este le ha permitido mejorar considerablemente su condición de vida y poder en un futuro generar empleo para los más necesitados y así mejorarles la calidad de vida a otras personas.

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
  • 241
    View loans »
    Colombia Loans Fundraising
  • $17,876,725
    Funds lent in using Kiva
  • 1,842.0
    Colombia Pesos (COP) = $1 USD
A loan of $1,100 helped Flor Alba to purchase drinks and other products in order to stock her bar and offer her customers a good variety of products.
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 25, 2012
Jul 1, 2012
Currency Exchange Loss:
Jul 31, 2012