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Ana Judith
Ana, 38, lives with her husband and their two children, ages 10 and 16. Due to a lack of employment opportunities and the difficult economic situation the family was in, she decided to look for ways to generate her own income. A year and a half ago she started her own business and set up a store at home. She sells family basket items such as cookies, eggs, coffee, sugar, bread, etc. The work has given her enough money to support her husband in taking care of household expenses.

The advantage of the business is that the store is located in a residential area where the purchase of daily consumption items is very common. Ana is requesting a loan to buy a variety of wholesale products (coffee, pasta, grains, sugar, sauces, cookies, personal care and others). She also wants to renovate the store (painting and electrical wiring) to give it a better appearance and offer more product variety to satisfy customer preference and needs. This will help increase sales income.

Ana wants to grow her business and keep it well-stocked so that in the medium term she can turn it into a well-known supermarket. This will give her more economic stability to improve the family's living conditions.
View original language description ↓
Ana tiene 38 años de edad, vive con su esposo y sus dos hijos de 10 y 16 años. Debido a la falta de oportunidades de empleo y por la difícil situación económica por la que atravesaba su familia, ella decidió buscar opciones para generar ingresos por cuenta propia, por lo que hace un año y medio inició con su propio negocio, una tienda de abarrotes ubicada en la casa donde reside, allí ofrece productos de la canasta familiar como galletería, huevos, café, azúcar, pan, entre otros; actividad con la cual ha logrado obtener ingresos para apoyar a su esposo con la carga económica del hogar. El negocio cuenta con la ventaja de estar muy bien ubicado pues se encuentra en una zona residencial donde es muy común comprar los productos para consumo diario. Ana solicita el apoyo del crédito para invertirlo en la compra de surtido al por mayor (café, pastas, granos, azúcar, salsas, galletería, productos de aseo personal, entre otros) y realizar mejoras locativas (pintar el local y acondicionar la red eléctrica), con lo que podrá mejorar la apariencia del negocio y ofrecer más variedad de productos para satisfacer los gustos y necesidades de sus clientes, esto se verá reflejado en el incremento de los ingresos por ventas. Ana sueña con hacer crecer su negocio, tenerlo bien surtido y en un mediano plazo poder convertirlo en un supermercado reconocido en el sector, esto le ayudará a tener una estabilidad económica favorable para mejorar las condiciones de vida y el bienestar de todo el núcleo familiar.

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
  • 551
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,869.4
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,350 helped Ana Judith to buy a variety of wholesale products (coffee, pasta, grains, sugar, sauces, cookies, personal care, etc.) and carry out improvements at her store.
94% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2013
Listed
Aug 14, 2013
Currency Exchange Loss:
Covered