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Blanca Libia
Blanca's husband left her 2 years ago and since then she has been a single mother to her 3 children. That is why, in order to generate income for her home she started a business selling food. With her sister, she prepares tamales, sausages, and other types of food that they make and sell in their area. Since she doesn't have a lot of capital, the big difficulty in her business is that she has to cook in a very artisanal way. That is why a stove is located on the patio and in her kitchen she just has some pots for preparing the meals. Seeking to improve this, Blanca is looking for a loan to buy a gas stove and kitchen utensils she needs to better prepare her food.

Her dream is to improve this business and and keep bringing home the income she needs for her home so that her 3 children can keep having a good quality of life. In addition, she wants to do some improvements on her home so that her business can be more productive.
View original language description ↓
Blanca fue abandonada por su esposo hace 2 años y desde entonces es madre soltera cabeza de familia de sus 3 hijos; por esto para generar los ingresos que requiere en su hogar comenzó con un negocio de venta de comidas en el cual junto a una hermana suya preparar tamales, morcilla, y otros tipos de comida que prepara y vende en su sector. Como no cuenta con mucho capital, la gran dificultad de su negocio es tener que cocinar de manera muy artesanal, por esto un fogón está ubicado en el patio y en su cocina tan solo tiene unas ollas que apoyan la preparación de las comidas. Buscando mejorar en este aspecto, Blanca busca un préstamo para comprar un fogón de gas y comprar utensilios de cocina que necesita para preparar mejor los alimentos.

Su sueño es poder mejorar este negocio y que le siga brindando los ingresos necesarios para el sostenimiento de los gastos de su hogar, de modo que sus 3 hijos sigan tendiendo una buena calidad de vida. Además, aspira a poder realizar mejoras locativas en su casa para que el negocio pueda ser más productivo.

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
  • 249
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Blanca Libia to buy a gas stove and kitchen utensils she needs to better prepare her food.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 17, 2012
Nov 1, 2012
Currency Exchange Loss:
Aug 19, 2013