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Ana Elvia
Ana Elvia is a person who has been known to be a hard working person and dedicated to her home. She is married with 5 children.

Ana Elvia works selling merchandise with the aim of being able to provide her children and her husband a better quality of life. Because the salary that her husband earns is not sufficient in order to pay the household expenses, Ana Elvia decided to open her own business with which she can contribute income to pay the household expenses.

Ana Elvia sells clothing for women and her main clients are relatives, friends and neighbors. Because a customer has made a big order, Ana Elvia needs to buy the products from her supplier, however, she does not have the necessary money in order to do this purchase. This is why Ana Elvia has appealed for a loan with the purpose of providing the possibility of making the purchase of clothing in order to fulfill the request that the customer has made.

Ana Elvia hopes that with the help of this loan for her business she can continue selling and can continue generating income for the household. Ana Elvia’s dream is that her children can have a good education and that she and her husband can enjoy better living conditions.
View original language description ↓
Ana Elvia es una persona que se ha caracterizado por ser muy trabajadora y disciplinada en su hogar. Casada y con 5 hijos, Ana Elvia se dedica a la venta de mercancía con el ánimo de poder brindarles a sus hijos y su esposo una mejor calidad de vida. Debido a que el sueldo que gana su esposo no es suficiente para poder sostener los gastos de su hogar, Ana Elvia decidió iniciar su propio negocio con el cual pueda contribuir con ingresos a sostener los gastos de su hogar. Ana Elvia vende prendas de vestir para dama y sus principales clientes son familiares, amigos y vecinos. Debido a que un cliente le ha hecho un gran pedido, Ana Elvia requiere comprar los productos a su proveedor, sin embargo, no cuenta con el dinero necesario para realizar esta compra. Es por esto que Ana Elvia ha recurrido a un préstamo con el ánimo de que le brinde la posibilidad de acceder a la compra de prendas de vestir para entregar el pedido que le ha hecho un cliente.

Ana Elvia espera que con la ayuda de este préstamo su negocio siga vendiendo y pueda seguir generando ingresos para su hogar. Ana Elvia sueña con que sus hijos tengan una buena educación y con que su esposo y ella puedan gozar de mejores condiciones 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
  • 224
    View loans »
    Colombia Loans Fundraising
  • $12,881,350
    Funds lent in using Kiva
  • 1,805.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ana Elvia to buy clothing to fulfill a request a client has made.
100% repaid
Repayment Term
18 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 25, 2012
Listed
Feb 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013