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Edith Del Socorro
Edith, 53, says that she’s enjoyed sales since she was young. She’s been working in this activity for 12 years when she decided to start selling packaged snacks and soft-drinks at home. Thanks to the good welcome she had, her customers suggested she expand her variety of goods in stock and she agreed. Today, it’s become a full store. She works every day from 7 in the morning to 8 at night. With this activity’s development, Edith has been able to provide her four children with better educational opportunities which fills her with satisfaction and pride because this was her greatest life challenge.

Today, she’s asking for a loan to buy a cooler because the one she has is in bad shape and consumes too much electricity. This will make it possible for her to save on energy costs and generate higher profits.
View original language description ↓
Edith tiene 53 años de edad y relata que desde joven le han gustado las ventas, labora en esta actividad desde hace 12 años, cuando decidió iniciar con la venta de mecatos y gaseosa en su casa. Gracias a la buena acogida que tuvo; su clientela le sugirió la posibilidad de ampliar su portafolio de productos a lo cual ella accedió y hoy se ha convertido en una tienda. Labora diariamente de 7 de la mañana a 8 de la noche.
Con el desarrollo de esta actividad Edith ha podido ofrecerles a sus cuatro hijos mejores oportunidades educativas. Lo cual la llena de satisfacción y orgullo porque éste era su mayor reto en la vida.

Hoy se encuentra solicitando un crédito que invertirá en la compra de un enfriador, debido a que el que posee se encuentra en mal estado y consume demasiada energía. Este le permitirá ahorrar en el consumo de energía y generar mejores ganancias.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,780.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Edith Del Socorro to buy a cooler.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jan 18, 2013
Feb 1, 2013
Currency Exchange Loss:
Feb 20, 2015