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Jadir Elena
Sra. Jadir is divorced from her husband and has been raising her son alone for several years. For this reason, she decided to establish her own business selling trinkets and decorations. She does everything by herself.

Jadir dreams of having a store with a variety of products, but she would also like to have her own brand so that she can be recognized in the media. For this reason, she needs to buy supplies for making trinkets in order to have a wider variety of products.

View original language description ↓
La señora Jadir divorciada de su esposo queda sola a cargo de su hijo desde hace ya varios años y es por esto que decide poner su propio negocio donde vende bisutería y decoración, todo esto que vende es hecho por ella misma.

Ella se sueña con tener un local con variedad de sus productos y además que tengan una marca propia y pueda ser reconocida en el medio, para esto ella necesita comprar insumos para elaborar la bisutería y así tener mayor variedad de productos.

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
  • 307
    View loans »
    Colombia Loans Fundraising
  • $18,216,850
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Jadir Elena to purchase supplies for making trinkets.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 12, 2011
Sep 23, 2011
Currency Exchange Loss:
May 16, 2012