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Aurora De Jesus
Aurora is a person who has worked most of her life because she comes from a family of few economic resources. Aurora, 58, is married and the mother of a 22-year-old son who she dreams with providing a university education for. Aurora has been making “arepas” [corn cakes] for about five years, an activity that allows her to contribute to household income. The arepas Aurora makes are known for being of very good quality and thanks to this she has very good customer orders. Aurora has had very good orders some of them so good, in fact, that she does not have the production capacity to fill them which is why she’s hoping for a loan to increase her productive capacity. Aiming at making arepas to fill a very large customer order, she’s seeking a loan that will make it possible for her to buy the ingredients, especially corn, needed to make her arepas.

Aurora hopes that with the income her business is generating she’ll be able to buy a second oven to produce still more arepas and fill larger customer orders. Aurora dreams that she, her husband and her son will have a better quality of life and economic stability. In addition, Aurora wants to make her son’s dream of accessing higher education come true.
View original language description ↓
Aurora es una persona que ha trabajado durante gran parte de su vida, pues no proviene de una familia con grandes recursos económicos. Aurora, con 58 años de edad se encuentra casada y es madre de un hijo de 22 años, al que sueña brindándole un acceso a la educación universitaria. Aurora se dedica desde hace aproximadamente 5 años a la producción de arepas, actividad con la cual contribuye a los ingresos para el hogar. Las arepas que fabrica Aurora son reconocidas por tener muy buena calidad, y gracias a esto tiene muy buenos pedidos por parte de sus clientes. Aurora ha tenido muy buenos pedidos, algunos tan grandes que no tiene la capacidad productiva para poderlo satisfacer, por esto espera aumentar su capacidad productiva. Aurora con el ánimo de fabricar un gran pedido de arepas que le ha hecho uno de sus clientes, busca que un préstamo le brinde la posibilidad de comprar insumos en especial maíz para la fabricación de sus arepas.

Aurora espera que con los ingresos que le ha estado generando su negocio pueda comprar un segundo horno, en el cual pueda producir más arepas y poder abastecer pedidos más grandes por parte de sus clientes. Aurora sueña con que su esposo, su hijo y ella puedan tener una mejor calidad de vida y una estabilidad económica. Además, Aurora quiere cumplirle el sueño a su hijo de poder acceder a una educación superior.

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
  • 282
    View loans »
    Colombia Loans Fundraising
  • $17,895,450
    Funds lent in using Kiva
  • 1,796.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Aurora De Jesus to buy arepa making ingredients.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 26, 2012
Feb 3, 2012
Currency Exchange Loss:
Mar 15, 2013