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Alba Nery
Alba Nery T. is from a town in the Colombian Andes. Along with her mother, husband, and four children, she decided to move to Medellín in search of a better future. When she arrived, Alba used what little savings she had to start her own business. One could not find a better name for her shop, “Tienda La Esperanza” (Store of Hope). She has taken advantage of this opportunity to improve her quality of life and move forward.

Alba needs a loan to buy an assortment of merchandise so that she can have more inventory and offer a wider variety of products to her customers.

View original language description ↓
Al lado de su madre y su familia conformada por su esposo y sus cuatro hijos, Alba Nery T. oriunda del municipio de Andes Colombia decidió emprender camino hacia Medellín con el fin de buscar un mejor futuro, fue entonces cuando con los pocos ahorros que tenía inició su propio negocio al que no pudo encontrarle un mejor nombre que “Tienda la Esperanza”, ya que éste se convirtió en la oportunidad de mejorar su calidad de vida y salir adelante.

Alba necesita de un crédito para comprar surtido, lograr tener más inventario y así ofrecer mayor variedad de productos a sus clientes.

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
  • 372
    View loans »
    Colombia Loans Fundraising
  • $15,691,700
    Funds lent in using Kiva
  • 1,878.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Alba Nery to purchase an assortment of merchandise for her store.
100% repaid
Repayment Term
19 months (Additional Information)
Repayment Schedule
Mar 9, 2011
Mar 17, 2011
Currency Exchange Loss:
Sep 15, 2012