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María Eugenia
María, who is 52 years old, is a single woman and has a son. She worked for different companies for over 28 years, which is how she obtaind the income she needed to provide for her son and give him an education. But seven years ago she became unemployed and depends financially on her relatives and her son. She lives with her father, since her only son, who is 34 years old, lives abroad. But she says that she doesn't feel good about being a burden for other people.

María is a very dynamic woman and she is very eager to get ahead and bring home an income on her own. That is her motivation to request a loan, because she wants to start her own business selling ice cream and snacks. She wants to invest in purchasing a freezer, install bars in her home, and stock up on products (snacks, sodas, ice cream). This will make the most of the fact that in the area where she lives there are a lot of children and no businesses that offer these products. This will allow her to generate income to support her father and bring sustenance to her home.

María's dream is to have a well-established and long-standing business. She would like to gradually introduce a wider variety of products in order to satisfy her customers' needs so that she can have a better quality of life.
View original language description ↓
María, a sus 52 años de edad es una mujer soltera y madre de un hijo. Durante más de 28 años laboró en diferentes empresas y obtuvo así los ingresos necesarios para sacar adelante a su hijo y brindarle educación, pero hace 7 años se quedó sin empleo y depende económicamente de sus familiares y su hijo. Ella vive con su padre, ya que su único hijo de 34 años de edad vive fuera del país, pero manifiesta que no se siente bien siendo una carga para otras personas. María es una mujer muy dinámica y tiene muchas ganas de salir adelante y obtener los ingresos para su hogar por su propia cuenta, por eso se motiva para solicitar un crédito ya que desea iniciar su propio negocio de venta de helados y mecato, desea invertirlo en la compra de un congelador, adecuar su casa con una reja y comprar surtido (mecato, gaseosas, helados) para aprovechar que en la zona donde vive hay muchos niños y no existe un negocio que ofrezca los productos, así podrá generar ingresos para sostener a su padre y llevar el alimento a su hogar. María sueña con tener su negocio bien posicionado y que perdure en el tiempo, y poco a poco poder introducir más variedad de productos para satisfacer las necesidades de los clientes y así tener una mejor calidad de vida.

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
  • 303
    View loans »
    Colombia Loans Fundraising
  • $18,296,125
    Funds lent in using Kiva
  • 1,881.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped María Eugenia to start her business, buy a freezer, install bars in her home, and buy products (snacks, sodas, ice cream).
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Jun 21, 2013
Jul 26, 2013
Currency Exchange Loss:
Nov 17, 2014