This loan has been FULLY FUNDED by 32 lenders!

Elva Maria Ramos De Cueto
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Status: Paying Back

$1,025
Loan Request
Pre-Disbursed : Jan 29, 2010
Listed: Jan 31, 2010
Funded: Jan 31, 2010
Looking for a Fundraising Loan?
0% repaid

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About the Loan

Location: Barranquilla, Colombia   Repayment Term: 21 months
(more info)
Activity: Paper Sales   Repayment Schedule: Monthly
Loan Use: Purchase refreshments & restock her store with school supplies   Currency Exchange Loss: Covered
      Default Protection: Not Covered
At 70 years of age, Elva María Ramos de Cueto is an active woman who lives in the neighborhood of Buenos Aires. She enjoys Carnival season, the time of year when a picturesque atmosphere sets the background for the most important cultural festival in the city. The Carnival of Barranquilla is also one of the happiest occasions in Colombia. Its popular and carefree style reflects the youthful spirit and creativity of the people of Barranquilla, making it an essential part of the Caribbean.


Once the Christmas holidays are over, Elva María and her daughter begin organizing her home business with all the decorations pertaining to Carnival, a mixture of the modern with the more traditional type that reflects the event’s origins. The tradition of Carnival was brought to the Americas from Spain and continues to promote the spirit of renewal and change that inspired this holiday season in Europe.


In addition to being known for her cheerful personality, Elva María is an enterprising woman who prepares snacks such as fried foods made of flour, arepas (flatbread served with various fillings or toppings), and caribañolas (dumplings made of cassava and potato dough, stuffed with meat and vegetables). She sells these snacks to stores and individually to neighbors in her area. Elva María also has a retail shop in her home that is stocked with stationery and various seasonal accessories worn by women and girls.


Her snack business was a tradition passed on to her by her mother, who also prepared these same products for sale. Elva María has added the most delicious desserts to her offerings, as she loves the art of cooking. She also sells sancocho (a traditional soup), but she noticed that many people in the neighborhood started prospering, so she suspended selling food temporarily so that she could open and organize the retail shop in her home. When this business started, her husband Joaquin Cueto traveled frequently for work since he was employed by a shipping company. Running a home business helped to make her feel that she was not alone. Today, her husband is retired and enjoys a peaceful and happy life.


Elva María has received three previous loans from Fundación Mario Santo Domingo and has repaid them all on time. She used the proceeds to purchase miscellaneous goods and supplies for preparing food at different times of the year: Christmas, Carnival season, Easter, etc. With the profits generated by her business, she has managed to make repairs and modifications to her home because her husband’s pension was used to pay for the completion of the work. This freed up her income to devote on other expenses such as food and services. Their joint incomes have also contributed to the success of her business. Her next loan in the amount of 2,000,000 COP will be used to stock her store with school supplies. She also plans to sell drinks, such as delicious and healthy juices, and popsicles made with milk and fruit and packed in plastic bags. Her customers will soon be able to taste these delightful treats in order to cool down from the high temperatures experienced on the Coast.


Elva María’s goal for her family in the midterm is to acquire a place at a commercial site so that she can use her home for storing the display cases that hold the merchandise displayed before customers. Her short-term goal is to buy a hot dog cart with a canopy; a bread and sausage steamer; inserts with lids for keeping onions, cheese, and potatoes; stainless steel containers for holding sauces; and an interior cupboard for storing bread. These items will be installed at the entrance of her business, which is already known for selling food and hosting the most anticipated costume party for the residents of the neighborhood, the famous “Lunes de Carnaval” that occurs on the third day of Carnival season. The party starts with the appearance of a large pick-up truck equipped with a sound box, six loudspeakers, two columns, three machines, eight transistors, an equalizer, and a three CD disk changer. The group “El Millo” begins the festivities with traditional Caribbean folk music. In this district of Barranquilla, this annual neighborhood tradition is now known as “the Party with the Cuetos”, named after Elva María’s family. The attendees of this great rumba festival only pay for the food and beverages offered by Elva María, so she is able to enjoy the party and still earn a little money.

Translated from Spanish by Ronan Reodica, Kiva Volunteer


Elva María Ramos de Cueto, es una mujer activa que a sus 70 años vive y goza del Carnaval en su barrio Buenos Aires, donde para esta época se respira el ambiente pintoresco de las fiestas patrimonio más importantes de la ciudad y una de las mas alegres del Colombia; esta es, el carnaval de Barranquilla, que con su estilo popular y libertario, refleja el espíritu jovial y creativo del Barranquillero y afirma su pertenencia al Caribe.

Desde que finalizan las fiestas navideñas, Elva María con su hija disponen su mente, organizan su negocio y su casa con típicos adornos alusivos a esta tradición, donde tiene presencia el mestizaje en todas sus manifestaciones populares, como si quisieran recordar el origen remoto del Carnaval, que vino a América desde España y que continua su espíritu de renovación y cambio similar al que animó estas fiestas en Europa.

Elva María además de ser alegre, es una mujer emprendedora que elabora alimentos entre los cuales están los frituras, derivados de la harina, arepas, caribañolas-amasijos de yuca y papa rellenos con carne y verduras-, que vende en tiendas y también de manera individual a sus vecinos del barrio; ella tiene en su casa una miscelánea surtida de productos de papelería y accesorios variados que adornan a mujeres y niñas de acuerdo a cada temporada del año.

Su primer negocio nació de la tradición de su madre en la preparación de estos mismos productos que ella ahora vende y a los que ha agregado la elaboración de los mas deliciosos postres, pues le encanta el arte de la culinaria, actividad que nunca ha dejado de realizar; ella también vendía Sancochos o sopas, pero notó que muchas personas al verla prosperar, empezaron a a hacer lo mismo y decidió suspenderlo provisionalmente y abrir una miscelánea que organizó en su casa. Cuando se inició como negociante, su esposo Joaquín Cueto viajaba mucho trabajando en una empresa Naviera y el negocio la ayudaba a no sentirse sola; él ahora está pensionado y disfruta en su compañía de una vida tranquila y feliz.

Elva, ha recibido tres créditos a través de la Fundación Mario Santo Domingo y los ha reembolsado oportunamente, porque los ha invertido en la compra de mercancías para la miscelánea e insumos para la preparación de alimentos que en cada época le sugiere el mercado: la navideña, carnavalera, Semana Santa etc. Con las utilidades producidas por el negocio ha logrado hacer reparaciones y adecuaciones en su vivienda; porque su esposo con el dinero de la pensión por tiempo laboral concluido, asume los gastos por alimentación y servicios; la unión de ambos ingresos ha generado su éxito en el negocio. Su próximo crédito por valor de $$2.000.000, lo utilizará en comprar mercancías para surtir la miscelánea con útiles escolares, planea además vender refrescantes, exquisitos y saludables bolis- jugos congelados, elaborados con leche y frutas frescas, empacadas en bolsas plásticas-, estas serán las delicias que próximamente degustarán sus clientes para aliviar el calor corporal que genera temperatura ambiente de la Costa.

Su meta familiar a mediano plazo, es comprar un local en un sitio de mas salida comercial, pues en su casa debe sacar las vitrinas para que la mercancía sea vista por los clientes; su meta a corto plazo es comprar un tricicarro de perros calientes-triciclo con carpa, vaporera para panes y salchichas; insertos con tapa corrediza para cebolla, queso, papas, etc.; cubetas para las salsas, en acero inoxidable; con cava en poliestireno expandido forrada en acero inoxidable, y espacio interior para guardar el pan- el cual será instalado en la entrada de su negocio ya reconocido por la venta de alimentos y por hacer la fiesta de disfraces mas esperada por los vecinos de su barrio, el famoso Lunes de carnaval, tercer día de estas fiestas, caracterizado porque desde muy temprano suena el gran PICK-UP, -amplia caja de sonidos, con 6 bafles entre bajo y medio, 2 columnas, 3 maquinas de 8 transistores, un ecualizador, un modulo de 3 CD, dos columnas para brillo- y el grupo de millo para animar esta reunión con música folclórica del Caribe. En este sector de Barranquilla la ya reconocida “fiesta donde los Cuetos”, apellido de esta familia, es el lugar de encuentro de sus vecinos todos los años; ellos solo pagan el consumo de alimentos y bebidas que Elva María ofrece a las familias que allí se congregan para hacer su gran rumba carnavalera y ella a su vez gana su dinerito y se goza su fiesta.

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About the Country

Country:Colombia
Avg Annual Income:$8,800 (2008 est.)
Currency:Colombia Pesos (COP)
Exchange Rate:1,988.0823 COP = 1 USD
32 Lenders to this Entrepreneur

Cathy
Melbourne,
Australia

Georg M
Oslo,
Norway

Bam
Cairns, Queensland
Australia

Mieb
Den Haag,
Netherlands

Morten
Aabyhoej,
Denmark

sarah
vaucluse, New South Wales
Australia

Matthew
Lancaster, PA
United States

Jordan
Bloomington, IN
United States

Tom
Dallas, TX
United States

David
Den Haag,
Netherlands

Rob and Sam
Brighton, Victoria
Australia

CDM
Horsham, Victoria
Australia

James
Santa Ana, CA
United States

Gregory
hartsdale, NY
United States

Anonymous
Alpharetta, GA
United States

Jillian
Vence,
France

Olwyn
Hamilton Hill, Western Australia
Australia

Russell
Salamanca, Salamanca
Spain

LAURA
Berlin, Berlin
Germany

Siddhartha
Zurich,
Switzerland

Kelly
Calgary, Alberta
Canada

Irayn

Singapore

Brian
Fairbanks, AK
United States

Akihiro
Mito, Ibaraki
Japan

Charles
San Jose, CA
United States

Annette
St Kilda, Victoria
Australia

Leif
Gothenburg,
Sweden

Teresa
Bellingham, WA
United States

Jamie
Tularosa, NM
United States

Markus
Niederscherli,
Switzerland



Top Lending Teams for this Entrepreneur


Australia
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Norway
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Team CANADA
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Journal entries for Elva Maria Ramos De Cueto


Subject: Loan to Elva Maria Ramos de Cueto in Colombia has been 100% funded
Location: Barranquilla, Colombia

Thanks to you and 31 other Kiva Lenders, the $1,025.00 loan requested by Elva Maria Ramos de Cueto in Colombia has been 100% funded. The loan will be used for the purpose of: Purchase refreshments & restock her store with school supplies .

Over the months of this loan, Kiva’s Field Partner in Colombia, Fundación Mario Santo Domingo, will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Barranquilla, Colombia
Jan 31, 2010
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Kiva Help Repayment Schedule for Elva Maria Ramos De Cueto

  Expected Repayments Actual Repayments Comments
May 2010 $43.25 Available May 1  
June 2010 $48.42 Available Jun 1  
July 2010 $49.42 Available Jul 1  
August 2010 $50.46 Available Aug 1  
September 2010 $51.51 Available Sep 1  
October 2010 $52.58 Available Oct 1  
November 2010 $53.68 Available Nov 1  
December 2010 $54.79 Available Dec 1  
January 2011 $55.94 Available Jan 1  
February 2011 $57.10 Available Feb 1  
March 2011 $58.29 Available Mar 1  
April 2011 $59.51 Available Apr 1  
May 2011 $60.74 Available May 1  
June 2011 $62.01 Available Jun 1  
July 2011 $63.31 Available Jul 1  
August 2011 $64.62 Available Aug 1  
September 2011 $65.97 Available Sep 1  
October 2011 $73.40 Available Oct 1