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Bertha Elena
Twenty years ago Bertha Elena P. D. L. started making products at home to distribute among various coffee shops in the town of Yarumal, Antioquia. She then got the opportunity to acquire a coffee shop in one of the municipal schools. Since then she has been working long hours at this activity to meet the needs of the establishment.

During school vacation time Bertha Elena faces great difficulty because no one comes by the school cafeteria which forces her to make products to distribute to other coffee shops in the city in order to meet family expenses because she’s separated.

This entrepreneur needs financial help to do some remodeling of the locale acquiring display cases and improving the existing ones as well as buying more stock items to be ready to start the new school term.

In the future, Bertha hopes to have additional cafeterias with the intention of generating employment and improving her quality of life.
View original language description ↓
DesD. hace 20 años, Bertha Elena P. D. L. empezó desD. su casa a elaborar productos para distribuir en diferentes cafeterías del municipio D. Yarumal- Antioquia, después tuvo la oportunidad D. adquirir una cafetería en uno D. los colegios del municipio, desD. entonces se ha dedicado a esta actividad en la que labora largas jornadas para atender las necesidades del establecimiento.

En temporada D. vacaciones Bertha Elena tiene gran dificultad puesto que no hay flujo D. personal en la cafetería del colegio, lo que la obliga a realizar productos para distribuir en otras cafeterías del municipio y así cubrir sus gastos familiares ya que es separada.

Mejorar su cafetería realizando remodelaciones locativas, adquiriendo vitrinas y mejorando las existentes, así como comprar más surtido para iniciar la temporada escolar son las necesidades actuales D. esta emprendedora quien necesita del apoyo económico.

En el futuro, Bertha, espera tener otras cafeterías con el fin D. generar más empleo y mejorar su calidad D. vida.

Additional Information

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
  • 480
    View loans »
    Colombia Loans Fundraising
  • $15,254,800
    Funds lent in using Kiva
  • 1,929.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Bertha Elena to remodel the site and buy more stock for her coffee shop.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Dec 17, 2010
Dec 22, 2010
Currency Exchange Loss:
Sep 15, 2012