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Ana María
Ana is single mother of two children who are 5 and 10 years old. She currently works in her business, a store she started two years ago. The idea arose from the need to generate income to support her family because the entire economic responsibility falls on her as a mother head of household.

She’s a humble, kind, charismatic woman who has a gift for getting along with people which allows her to relate to them easily and provide better customer service. She’s asking for the loan to invest in some physical upgrades to her locale and to buy stock merchandise (beer, soft-drinks, snacks, sweets, etc.) to give her establishment a better image thus changing passersby’s perception so that they will become potential customers. Also, she’ll be able to offer a wider variety of goods earning higher sales profits and income as a result.

Ana wants to continue working with dedication and effort to be able to continue progressing and giving her children the opportunity of getting better education, well-being and quality of life.
View original language description ↓
Ana es madre soltera de dos hijos de 5 y 10 años de edad. Actualmente se dedica a trabajar en su negocio, una tienda que inició hace dos años; la idea surgió de la necesidad de generar recursos para el sostenimiento de su familia, pues toda la carga económica recae sobre ella por ser madre cabeza de hogar. La cliente es una persona humilde, amable y carismática, tiene don de gente, lo que le permite relacionarse con facilidad y prestar un mejor servicio a sus clientes. Solicita el crédito para invertirlo en unas reparaciones locativas que debe realizar y en la compra de surtido (cervezas, gaseosas, mecato, confitería, entre otros) de esta forma dará una mejor imagen al establecimiento, logrando cambiar la percepción de los transeúntes, quienes pueden convertirse en clientes potenciales, además podrá ofrecer más variedad de producto, obteniendo como resultado un incremento en sus ventas y en los ingresos que recibe. Ana desea seguir trabajando con esmero y dedicación para seguir progresando y dar a sus hijos la oportunidad de tener una mejor educación, bienestar y 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.

Tags

About Colombia

  • $11,100
    Average annual income
  • 546
    View loans »
    Colombia Loans Fundraising
  • $14,876,100
    Funds lent in using Kiva
  • 1,895.7
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Ana María to buy stock merchandise and to do physical upgrades to locale.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2013
Listed
Oct 2, 2013
Currency Exchange Loss:
Covered
Ended:
Aug 30, 2014