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Beatriz Elena
Beatriz is a person who has always been known for being a hard worker. This quality has enabled her three children to move forward since she is a single mother and the head of her household. A short time ago, Beatriz established her business so that she could generate income after leaving her job. She manages a stationery shop where she offers her customer excellent service. Her business was started with very little capital, so Beatriz is taking this opportunity to access a loan so that she can buy paper products to restock her business and provide a wider variety of products to her customers.


Even though her business has been in existence for a short time, Beatriz has been able to hire one employee. She hopes that her business continues to grow so that she can create more jobs to those who need them the most. In addition, she dreams that this business generates good income so that her children can enjoy a good quality of life and have access to a high-quality education.

View original language description ↓
Beatriz es una persona que siempre se ha caracterizado por ser muy trabajadora, y esta cualidad le ha permitido sacar sus 3 hijos adelante como madre soltera cabeza de familia. Beatriz hace poco tiempo montó un negocio para generar sus ingresos luego de haber dejado su empleo; el negocio es una papelería y allí ofrece a sus clientes un muy buen servicio. Debido a que el negocio fue montado con muy bajo capital Beatriz espera que un préstamo le brinde la oportunidad de acceder a la compra de productos de papelería para surtir su negocio y ofrecer una mayor variedad de productos a sus clientes.

Su negocio, a pesar del corto tiempo de estar montado, ya puede generar un empleo para una persona y espera que su negocio siga creciendo para seguir generando más empleo para los más necesitados. Además, Beatriz sueña con que este negocio le genere unos buenos ingresos con los cuales sus 3 hijos puedan gozar de una buena calidad de vida y el acceso a una educación de mejor calidad.

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
  • 529
    View loans »
    Colombia Loans Fundraising
  • $14,661,300
    Funds lent in using Kiva
  • 1,790.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Beatriz Elena to buy paper products to sell.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
May 2, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013