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Beatriz Elena
Beatriz is an illustrious example of courage. She is a woman who has been struck hard by life experiences that have left her many scars that only time will heal. Despite her adverse situations, her dreams have never faltered and the desire to see her three children grow up has turned into her biggest challenge. After her husband died, Beatriz became the head of household and began working as a domestic employee in a residence. When she realized her income was not enough to cover family expenses she began working in other areas such as selling clothing in her free time. This is how she became an entrepreneur.

Now, she has been in business for five years and dreams of setting up her own clothing shop. She is currently requesting a loan to buy merchandise in an effort to improve her family's quality of life.
View original language description ↓
Beatriz, es un ilustre ejemplo de lo que es la valentía. Una mujer a la que la vida la ha golpeado en varias ocasiones, dejándole grandes secuelas que solo el tiempo se encargará de borrarlas. A pesar de las situaciones adversas, sus sueños nunca desvanecieron y la ilusión de ver crecer a sus tres hijos se convirtió en su más grande reto. Después del fallecimiento de su cónyuge, Beatriz asumió las responsabilidades del hogar, por lo cual comenzó a trabajar como empleada doméstica en una residencia, al ver que sus ingresos no eran suficientes para cubrir con los gastos de su familia, optó por realizar labores alternas como comercializar ropa en su tiempo libre. De esta manera inició como microempresaria.
Hoy lleva más de cinco años realizando la actividad y sueña con montar su propia tienda de ropa. En la actualidad se encuentra solicitando un crédito que invertirá en la comprad de mercancía con el fin de mejorar la calidad de vida de su familia.

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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,815.6
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Beatriz Elena to buy clothing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 22, 2013
Listed
Apr 12, 2013
Currency Exchange Loss:
Covered
Ended:
Dec 19, 2013