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Ana Claudia
Ana is a very enterprising, tenacious person who despite the great adversities life has presented has gotten ahead with her family providing her three children with good quality of life. She’s been making crafts for about 20 years that she sells in various street markets in the city and her main advantage is that she knows how to make a variety of crafts like earrings, bracelets and scarves, among others. Her sales are improving at present and her customers are asking for a wider variety of crafts but because Ana does not have sufficient capital she’s calling on a loan to buy raw materials she needs to make the crafts. Her dream is to move the business forward so that income will be better each time and her family can have a better quality of life.
View original language description ↓
Ana es una persona muy emprendedora y luchadora que pese a las grandes adversidades que se le han presentado en la vida, ha salido adelante junto con su familia ofreciéndoles a sus 3 hijos una buena calidad de vida. Desde hace unos 20 años se dedica a la realización de artesanías las cuales vende en diferentes ferias de la ciudad, y su principal ventaja es que conoce como fabricar diferentes artesanías como aretes, pulseras, bufandas, entre otros. En el momento sus ventas están mejorando y sus clientes le están pidiendo una mayor variedad de artesanías, es por esto que como Ana no cuenta con el capital suficiente acude a un préstamo para comprar materia prima que necesita para la elaboración de las artesanías.

Su sueño es sacar adelante este negocio donde cada vez pueda mejorar sus ingresos y así su familia pueda tener una mejor 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
  • 585
    View loans »
    Colombia Loans Fundraising
  • $14,702,900
    Funds lent in using Kiva
  • 1,798.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Ana Claudia to buy raw materials needed to make crafts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013