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Ana De Jesús
Ana is the single mother of two children. Ever since was young she has worked at different business activities in order to give her family a better quality of life.

Two years ago she decided to become independent and to sell products by catalog. The sales generate income that allows her to support her household.

She is a woman full of dreams and life challenges. She wants to establish a large business that will allow her to become a successful businesswoman.

She is currently requesting a loan to buy products by catalog. She will resell them during the end of the year season. She will do this to generate greater income.

Ana wishes for her youngest child to go to the university. For this reason she is saving in order for him to be able to enroll next year.
View original language description ↓
Ana es madre soltera de 2 hijos. Desde joven a laborado en diferentes actividades para ofrecerle a su familia una mejor calidad de vida. Hace dos años decidió independizarse vendiendo productos por catálogo, los cuales le generan ganancias que le permiten sostener su hogar. Ella es una mujer llena de sueños y retos en la vida, desea montar un gran negocio que le permita convertirse en una empresaria exitosa. Actualmente se encuentra solicitando un crédito para la compra de productos por catálogo los cuales revenderá en la temporada de fin de año con el propósito de generar mayores ingresos. Ana desea que su hijo menor ingrese a la universidad y por esta razón se encuentra ahorrando para poderlo matricular el próximo año.

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
  • 509
    View loans »
    Colombia Loans Fundraising
  • $14,967,675
    Funds lent in using Kiva
  • 1,822.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Ana De Jesús to buy products by catalog.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014