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Ana Graciela
At the age of 55, Ana is a fighter who has never given up in face of difficulties. On the contrary, she has invested herself in her work to move her family forward. She divides her time between 2 businesses. During the week she takes care of children in her community and on the weekends she sells foods in Ciclovia de Bello, a municipality in the department of Antioquia.

With the dream of continual progress, Ana wants to purchase ingredients she needs to prepare foods. But she doesn't have the capital funds for these purchases. For this reason she requests a loan. It will permit her to supply her business, to improve her sales, and consequently, to improve the quality of her life.
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A sus 55 años de edad Ana es una mujer luchadora que nunca se ha dejado vencer por las dificultades, por el contrario se ha dedicado a trabajar para sacar a su familia adelante, hoy en día divide su tiempo en 2 labores, en la semana cuida niños de su comunidad y los fines de semana vende comida en la ciclovía de Bello, un municipio del departamento de Antioquia.

Con la ilusión de seguir progresando, Ana quiere comprar los insumos necesarios para preparar los alimentos pero no cuenta con el capital para dichas compras por lo que solicita un préstamo que le permita surtir el negocio, mejorar las ventas y proporcionalmente mejorar su calidad de 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

  • $6,070
    Average annual income
  • 267
    View loans »
    Colombia Loans Fundraising
  • $13,600,025
    Funds lent in using Kiva
  • 1,908.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Ana Graciela to purchase ingredients to prepare foods.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 20, 2011
Listed
Sep 30, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012