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Amelia’s a very hardworking person who has been moving her own business forward with much effort. She started it three years ago looking for better economic conditions for her home. She used to work as an employee selling liquor and contributed her salary to help her husband cover household expenses but this was insufficient to cover all costs at home where she lives with her husband and three children who are currently attending university.

Because of this, Amelia decided to make the effort and use a little saving she had to start her own business selling liquor and thanks to her efforts she’s managed to move it forward and gradually overcome the economic difficulties that have arisen, especially the lack of capital to restock. Thanks the good sales she’s had, Amelia is looking for financing to buy liquor to stock her store with products that she’s been running out of.

In this way she will be able to overcome the problem of lack of business capital and will continue to earn income that will make it possible to continue to offer her three children access to a university education. Her dream is to have a great business through which her family can have a better quality of life and economic stability that will allow for economic progress.
View original language description ↓
Amelia es una persona muy trabajadora que con mucho esfuerzo ha venido sacando adelante su propio negocio el cual inició hace 3 años para buscar unas mejores condiciones económicas en su hogar. Anteriormente trabajaba como empleada en una venta de licores y con el salario que ganaba aportaba económicamente en su hogar junto con su esposo, pero esto no era suficiente para poder sostener los gastos de su hogar donde convive con su esposo y sus 3 hijos que acuden a una educación universitaria. Es por esto que Amelia decidió esforzarse y con unos pequeños ahorros que tenía inició su propio negocio de venta de licores el cual gracias a su esfuerzo ha podido sacar adelante e ir superando las dificultades que se le presentan, principalmente la falta de capital para surtir. Gracias a que ha tenido buenas ventas, Amelia busca un préstamo para comprar licores y surtir su negocio con productos que ya se han ido agotando.

De esta manera podrá superar la dificultad de capital que tiene en su negocio y así seguirá teniendo unos ingresos que le permitan ofrecerles a sus 3 hijos el acceso a la educación universitaria. Su sueño es poder tener un gran negocio con el que su familia tenga una mejor calidad de vida y una estabilidad económica que les permita progresar.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,830.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Amelia to buy liquor to stock her store.
100% repaid
Repayment Term
22 months (Additional Information)
Repayment Schedule
Jul 19, 2012
Sep 3, 2012
Currency Exchange Loss:
Jul 19, 2013