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Cruz Helena
Cruz Helena is a person with great strength that she has needed to overcome all of the adversity in her life. Cruz Helena is a single mother of four children as her husband died about eight years ago and she took on all of the obligations of the household. For a long time she went from job to job trying to earn enough income to sustain her household and four years ago she took an art class where she learned to paint pictures and since then she has worked doing this. She sold her first pieces to family and friends and when she saw how well-received they were she continued painting in order to offer them to more people and earn income for her household. Cruz Helena currently has a large clientele and this has allowed her to have many orders and with the aim of completing her current orders she is requesting a loan which will give her the opportunity to purchase materials and supplies to paint the pictures.

In this way her business will continue to grow as she will be able to deliver the orders on time and will also be able to continue earning the necessary income to maintain her household expenses and offer her children a better quality of life and better economic opportunities.
View original language description ↓
Cruz Helena es una persona que ha tenido una gran fortaleza para superar todas las adversidades que se le han presentado en la vida. Cruz Helena es una madre soltera cabeza de familia de 4 hijos, ya que su esposo murió hace aproximadamente 8 años y ella quedó a cargo de todas las obligaciones de su hogar. Durante un largo tiempo estuvo divagando en diferentes labores con el ánimo de generar los ingresos que requería para el sostenimiento de los gastos de su hogar, y desde hace aproximadamente 4 años tomó un curso de artesanías donde aprendió a pintar cuadros y viene trabajando con esto de entonces. Los primeros diseños los vendía a sus amigos y familiares, y al ver que los productos tuvieron mucha acogida, siguió pintando para ofrecer a muchas personas y así generar los ingresos para su hogar. Actualmente Cruz Helena tiene una gran clientela y esto le ha permitido tener muy buenos pedidos, y con el ánimo de entregar los que tiene pendientes busca que un préstamo le brinde la oportunidad de acceder a la compra de insumos y materias primas para pintar los cuadros.

De esta manera su negocio seguirá creciendo al poder entregar los pedidos a tiempo, además podrá seguir generando los ingresos necesarios para el sostenimiento de los gastos de su hogar y así ofrecer a sus 4 hijos una buena calidad de vida y mayores oportunidades económicas.

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
  • 502
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Cruz Helena to buy materials and supplies for painting pictures.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013