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Nancy is 38 years old and the mother of two young children. She currently works as an assistant accountant for a services company and is known for being an enterprising woman with a grand business vision, so she wants to open a paper goods store so she can increase her income and her family's quality of life. She doesn't have the money she needs for this project, so she is asking for a loan. She will use the money to buy paper goods, school supplies, and a photo copier.
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Nancy de 38 años de edad, es madre de dos hijos menores de edad. Actualmente se desempeña como auxiliar contable en una empresa de prestación de servicios. Se caracteriza por se una mujer emprendedora y con gran visión de negocio, razón por lo cual desea abrir una papelería, con el fin de mejorar sus ingresos y la calidad de vida de su familia. En el momento no cuenta con los recursos para realizar dicha inversión, por lo cual se encuentra solicitando un crédito para financiar dicho proyecto. Invertirá el crédito en la compra de artículos de papelería, útiles escolares, morrales y una fotocopiadora.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 324
    View loans »
    Colombia Loans Fundraising
  • $18,147,400
    Funds lent in using Kiva
  • 1,827.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,650 helped Nancy to buy supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 23, 2013
May 11, 2013
Currency Exchange Loss:
Jun 18, 2015