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Maria Del Carmen
Maria is a hardworking individual. When she was obligated to generate income for her household, the entrepreneurial spirit woke up in her. She established her own shop where she sells personal use products. Being a single mother with four children, Maria had to deal with great financial challenges after her husband abandoned her. She had to devise a way of moving forward, which explains why she does not have much capital. Through hard work, she is determined to succeed and overcome adversity.

Since Valentine’s Day in Colombia (also known as the “Day of Love and Friendship”) is approaching, Maria is requesting a loan so that she can restock her business with products to increase her sales during this holiday. In addition, she will make a few renovations to her shop so that she can display her merchandise better.

Her dream is to move forward and provide her four children a better quality of life. Maria will also file for a divorce from the father of her children.

View original language description ↓
Maria es una persona muy trabajadora, que al verse obligada de generar los recursos económicos para su hogar se le despertó el espíritu emprendedor y montó su propio almacén de venta de productos de uso personal. Las grandes dificultades económicas que le trajeron el ser madre soltera cabeza de familia de sus 4 hijos luego de que su esposo la abandonaran, hicieron que tuviera que idearse la forma de salir adelante, es por esto que sin contar con mucho capital, ha tenido un gran esfuerzo que le sirve para salir adelante y superar las adversidades. Como se acerca la temporada de amor y amistad, Maria busca un préstamo para surtir su negocio con productos que le permitan aumentar sus ventas en la época de amor y amistad, además de hacer algunas adecuaciones en el local para exhibir mejor la mercancía.

Su sueño es poder sacar adelante sus 4 hijos ofreciéndoles una mejor calidad de vida y también tramitar los papeles del divorcio con el padre de sus hijos.

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
  • 244
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,797.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,300 helped Maria Del Carmen to buy Valentine's Day merchandise and to pay for a few renovations to her shop.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Aug 30, 2012
Oct 6, 2012
Currency Exchange Loss:
Oct 17, 2014