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Angela Patricia
Angela has managed a fast food stand for a few years in order to generate income and contribute financially to her household. She lives with her husband and their 15-year-old daughter. Since she does not have much capital in her business, Angela has used the same fast food cart for many years. As a result of wear and tear, her cart is now in very bad condition. Angela’s problem is that she is constantly spending money to have the cart repaired, which is why she is now looking for a better solution to improve this situation.

She is requesting a loan so that she can buy a new fast food cart and have better working conditions. Her dream is to have a successful business that will help to improve her financial situation at home. She also dreams of providing a high-quality education for her daughter.

View original language description ↓
Angela tiene un puesto de comidas rápidas desde hace unos años con el cual genera los ingresos para contribuir económicamente en su hogar junto con su esposo donde conviven con su hija de 15 años de edad. Como no cuenta con mucho capital en el negocio, Angela saca el mismo carrito de comidas rápidas desde hace muchos años, y esto entonces hace que su carrito ya se encuentre en muy malas condiciones. El problema es que Angela debe gastar dinero constantemente para hacer las reparaciones que requiere su carrito, y es por esto que ahora buscando mejorar esta situación, Angela busca un préstamo para comprar un nuevo carrito de comidas rápidas y poder tener mejores condiciones de trabajo.

Su sueño es poder tener un buen negocio que le permita tener mejores condiciones económicas en el hogar y también sueña con poderle ofrecer a su hija una educación de mejor calidad.

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
  • 389
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,800.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Angela Patricia to buy a new food cart.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Sep 3, 2012
Oct 8, 2012
Currency Exchange Loss:
Aug 19, 2013