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Flor Maria
Flor is the head of household for her three children who are 10, 12 and 14 years of age, since the children's father died some time ago and she ended up being responsible for the entire household. The situation has not been easy and in spite of the great adversity she has faced, she has always had the strength to keep going and provide her children a good quality of life and improved economic opportunities in order to get ahead. For six years she has earned a living making and selling handcrafted items such as bracelets, necklaces both fancy and simple, and other items. Thanks to this business she has been able to get her family ahead. The work takes up a good bit of her time and so she has not been able to share much time with her children. However, she has always been grateful for her business since it allows her to give them the necessary sustenance in order to keep them going. Because her sales have been very good, Flor is seeking a loan to allow her to purchase raw materials she needs for making her handcrafted items and so to fill the large orders her customers have placed with her.

In this way she will be able to overcome the difficulty of insufficient capital and have better income for her home in order to improve the financial situation. Her greatest yearning is to get her children ahead, providing a good quality education along with adequate housing and nutrition.
View original language description ↓
Flor es una madre cabeza de hogar de sus 3 hijos de 10, 12 y 14 años de edad, pues hace un tiempo su el padre de sus hijos murió y quedó a cargo de todas las responsabilidades del hogar. La situación no ha sido fácil y a pesar de las grandes adversidades que se le han presentado, siempre ha tenido la fortaleza para salir adelante y brindarles a sus hijos una buena calidad de vida y mejores oportunidades económicas para progresar. Desde hace 6 años se dedica a la elaboración y venta de artesanías como pulseras, collares, cadenas, entre otros más, y gracias a esta actividad es que ha logrado sacar su familia adelante. El trabajo que le consume gran parte de su tiempo y esto hace que no pueda compartir mucho con sus hijos, sin embargo siempre ha sido una agradecida por tener su negocio ya que gracias a este puede darles el sustento necesario a sus hijos para poderlos sacar adelante. Gracias a que tiene muy buenas ventas, Flor busca un préstamo que le permita comprar materias primas que requiere para la elaboración de sus artesanías y así cumplir grandes pedidos que tiene por parte de sus clientes.

De esta manera logrará superar la dificultad de capital y tener en su hogar mejores ingresos para mejorar la situación económica. Su mayor anhelo es lograr sacar adelante sus hijos brindándoles una educación de buena calidad, una vivienda y alimentación adecuada.

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
  • 265
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,807.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Flor Maria to purchase raw materials she needs for making her handcrafted items and so to fill the large orders her customers have placed with her.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 7, 2012
Jul 9, 2012
Currency Exchange Loss:
Jun 20, 2013