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Cristina Emilia
Cristina is a mother and the head of her family. For some time, she has been specializing in the area of beauty. She works in homes, generating an income to support her five-year-old son. In order to improve her economic conditions and guarantee her son access to a quality education, she is requesting a loan for the purchase of merchandise such as clothing and accessories, in order to alternate the two. One of her biggest challenges is to get her family ahead, and guarantee them better life opportunities, which is why she works hard every day.
View original language description ↓
Cristina, es madre cabeza de familia, especializada en el área de belleza desde hace algunos años, labora realizando domicilios, con lo cual genera los ingresos para sostener a su hijo de cinco años.
Con el fin de mejorar su condición económica y garantizarle a su hijo el acceso a una educación de calidad, se encuentra solicitando un crédito para la compra de mercancía como ropa y accesorios, con el fin de alternar las dos actividades.
Uno de sus mayores retos es sacar su familia adelante y garantizarle mejores oportunidades de vida, razón por la cual trabaja arduamente cada día.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,906.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Cristina Emilia to buy clothing and accessories.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
May 20, 2013
Jun 23, 2013
Currency Exchange Loss:
Nov 17, 2014