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Aracely De Jesús
44-year-old Aracely is a single mother of 2 children. She comes from a very humble family and, throughout her productive life, she has dedicated herself to working as a recycler.

Initially, she gathered the materials from the local dump, but because of a decree issued by the mayor, this activity was prohibited. As a result, a group was formed of woman recyclers who were affected by this ordinance.

Along with them, Aracely began to follow after the garbage truck making the various routes throughout the city neighborhoods, according to the requirements given by the mayor’s office. In the beginning, they crushed the material by hand, but little by little, the business became more profitable, and she acquired a hydraulic press.

She hopes to invest the loan that she is requesting in paying for manual labor to separate out the different recycled materials, so that they can later be crushed, thereby avoiding an overflow in the storeroom where they keep the garbage. This will allow her to speed up the sorting process, so that she can later sell everything that she has collected and make available the money that has up to now been sitting in the storeroom as recycling material.

Aracely dreams of continuing with her work, so that in the future, she will be able to obtain a vehicle that she can use to transport the recycling on her own. In this way, she can increase her profitability through commercialization, opening the possibility of offering a better quality of life to her children.
View original language description ↓
Aracely, con 44 años de edad es madre soltera de 2 hijos. Viene de una familia muy humilde y, durante su vida productiva se ha dedicado a trabajar como recicladora, inicialmente recogían los materiales en el relleno sanitario de la región, pero por un decreto que expidió la alcaldía, esta actividad fue prohibida. A raíz de esto, se formó un grupo de mujeres recicladoras que se vieron afectadas por este decreto, con ellas, Aracely comenzó a desplazarse delante del camión recolector de basura realizando los diferentes recorridos por los barrios de la ciudad, según las exigencias dadas por la alcaldía. Al principio prensaban el material de forma manual, pero poco a poco se fue haciendo más rentable el negocio y adquirió una prensa hidráulica. El crédito que solicita desea invertirlo en el pago de mano de obra para separar los diferentes materiales reciclados, para luego ser prensados y evitar un sobrecupo en la bodega en la que almacena los desechos; esto le permitirá agilizar el proceso de separación para luego vender todo lo recolectado y así hacer líquido el dinero que a la fecha se encuentra estancado en la bodega como reciclaje. Aracely sueña con darle continuidad a su labor para que en un futuro le permita adquirir un vehículo en el que pueda transportar el reciclaje por cuenta propia y así aumentar la rentabilidad en la comercialización, abriendo la posibilidad de brindar una mejor calidad de vida a sus hijos.

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
  • 302
    View loans »
    Colombia Loans Fundraising
  • $13,782,800
    Funds lent in using Kiva
  • 1,916.9
    Colombia Pesos (COP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,050 helped Aracely De Jesús to pay for manual labor to sort recycled material.
69% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2013
Listed
Sep 30, 2013
Currency Exchange Loss:
Covered