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Alba Irene
At the age of 31, Alba’s a single mother of a five-year-old son. She’s worked for the last six years as an employee in several firms working as a counter saleswoman. She's currently employed in a variety store as manager but she wants to buy the business and has negotiated its purchase with its owner. This is why she’s asking for the loan which will be used in its entirety to pay for the store so she can go from being an employee to an owner for her wish is to generate higher income to continue meeting her family’s needs since as head of household the entire responsibility rests on her shoulders.

She is noted for her drive, enthusiasm and perseverance which have led her to get ahead on her own motivated by her love for her son. Alba wants to continue working hard so her business will grow and become stronger and more profitable every day and last over time so that the economic stability she needs to provide excellent education, better well-being and quality of life for her son will be attained.
View original language description ↓
Alba, a sus 31 años de edad, es madre soltera de un hijo de 5 años. En los últimos 6 años ha trabajado en diferentes almacenes desempeñándose como vendedora de mostrador. Actualmente trabaja en un almacén de variedades como administradora del establecimiento, pero su deseo es comprar este negocio, por lo que hizo la negociación con el dueño para que se lo venda; es por esta razón que está solicitando el crédito, pues la totalidad del dinero será invertida en el pago del almacén para pasar de ser empleada a propietaria, pues su deseo es generar mejores ingresos para continuar solventando las necesidades de su familia, ya que ella es quien lleva toda la carga económica por ser madre cabeza de hogar. La cliente se caracteriza por su empuje, entusiasmo y perseverancia, lo que le ha permitido salir adelante sola, motivada por el amor a su hijo. Alba desea seguir trabajando arduamente para que su negocio pueda crecer y fortalecerse cada día, que sea rentable y perdurable en el tiempo, para que le genere la estabilidad económica que requiere para brindar a su pequeño hijo una excelente educación, un mejor bienestar y 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
  • 281
    View loans »
    Colombia Loans Fundraising
  • $16,895,775
    Funds lent in using Kiva
  • 1,895.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,225 helped Alba Irene to buy her business.
100% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
Sep 5, 2013
Oct 2, 2013
Currency Exchange Loss:
Sep 25, 2014