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Candida Rosa
Candida has a liquor store she started some time ago as a way to improve her household finances, as she is a single mother and the head of her household and her children needed more income to have a better quality of life. She started her business with very little capital, but through her efforts she has been making it thrive and improving the selection of liquor she has for her customers. Now that the end of the year is coming and her suppliers are offering really good deals, Candida is asking for a loan to buy liquor wholesale to stock her business with the products she needs for the holiday season.

This will allow her to overcome the obstacle of money and have access to good prices, which will make her business more profitable. Her dream is to improve her business, increase her profits, and give her children a better quality of life at home.
View original language description ↓
Candida tiene una venta de licores que inició hace un tiempo en busca de mejorar la condición económica de su hogar, pues es madre soltera cabeza de hogar y sus hijos necesitaban mejores ingresos para poder tener una mejor calidad de vida. Con muy poco capital inició el negocio, pero con su esfuerzo ha podido ir sacándolo adelante y mejorar el surtido de licores que ofrece a los clientes, y ahora que se acerca la temporada de fin de año y sus proveedores están ofreciendo muy buenas promociones, Candida busca un préstamo para comprar licores al por mayor y así surtir su negocio con los productos que necesita para la temporada de fin de año.

De esta manera superará la dificultad de capital que tiene y así podrá acceder a buenos precios, permitiéndose tener mejores rentabilidades del negocio. Su sueño es poder mejorar el negocio, aumentar sus ingresos y que sus hijos tengan una mejor calidad de vida en el hogar.

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
  • 276
    View loans »
    Colombia Loans Fundraising
  • $17,889,125
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD
A loan of $1,125 helped Candida Rosa to buy liquor wholesale and stock her business with the products she needs for the holiday season.
Repayment Term
26 months (Additional Information)
Repayment Schedule
Sep 21, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 30, 2012