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Maria Lucelly
Maria previously had a general store at another location that was rented. A few days before her lease expired, she was asked to move everything and had to start her business over in a new location in a different neighborhood. This resulted in great difficulties in making sales since her business was new to the area and she did not know the local customers well enough to improve her sales activity. Nonetheless, she was able to move her business forward through hard work even though she does not have sufficient capital.

Maria is requesting a loan so that she can buy an inventory of household products and offer greater variety to her customers. Her dream is to position her business for better sales so that she can provide her family with a better quality of life.

View original language description ↓
Maria anteriormente tenía su tienda general en otro local que era arrendado, y como hace unos días se lo pidieron, tuvo que dejar todo y comenzar de nuevo con el negocio en un local diferente y ubicado en un sector diferente. Esto le ha traído grandes inconvenientes principalmente en la parte de las ventas, pues el ser nueva en el sector y no conocer los clientes le evitan tener mejores ventas. Sin embargo, con mucho esfuerzo ha venido sacando su negocio adelante y debido a que no cuenta con un capital suficiente, Maria busca un préstamo para comprar surtido de productos de la canasta familiar y ofrecer mayor variedad a sus clientes.

Su sueño es poder posicionar su negocio y tener unas mejores ventas para ofrecer en su hogar 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
  • 359
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Maria Lucelly to buy a variety of household products for her store.
100% repaid
Repayment Term
23 months (Additional Information)
Repayment Schedule
Aug 30, 2012
Oct 6, 2012
Currency Exchange Loss:
Apr 18, 2013