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Elva Nury
Elva is a very hard-working woman who has had to overcome major adversity in her life. However, she has always had the strength to continue moving ahead, together with her husband and two children aged 10 and 17.

Approximately 20 years ago, with the intent of contributing financially to her household, she decided to learn hair-dressing, and since then she has been performing this activity. The main difficulty that Elva faces is lack of capital to invest in her business, but in spite of this she has many good customers. Her household expenses are increasing due to her children's education, which is why she is looking for a loan that will allow her to purchase a hair washing basin for her hair salon, and in this way be able to provide her customers with better service.

Elva hopes that with better service she will increase her number of customers and also increase her sales, in a way that her family will be able to enjoy better economic opportunities and a better quality of life.

Elva dreams of having a large hair salon and a store selling hair-dressing items where she can generate employment for those who need it most.
View original language description ↓
Elva es una persona muy trabajadora que ha tenido que superar grandes adversidades en su vida, sin embargo, siempre ha tenido la fortaleza para continuar progresando junto con su esposo y sus 2 hijos de 10 y 17 años de edad. Con el ánimo de contribuir económicamente en su hogar, desde hace aproximadamente 20 años decidió aprender la actividad de la peluquería, y desde entonces viene desempeñando esta actividad. La principal dificultad que presenta Elva es la falta de capital para invertir en su negocio, pues pese a que tiene muy buenos clientes, los gastos en su hogar se incrementan debido a la educación de sus hijos; es por esto que busca que un préstamo le permita comprar un lavacabezas para su peluquería y así poder ofrecer un mejor servicio a sus clientes.

Elva espera que con un mejor servicio sus clientes aumenten y así aumenten también sus ventas, de modo que su familia pueda gozar de mejores oportunidades económicas y una mejor calidad de vida. Elva sueña con tener una gran peluquería y una tienda de venta de artículos de peluquería donde pueda generar empleo para las personas más necesitadas.

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
  • 299
    View loans »
    Colombia Loans Fundraising
  • $17,913,950
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Elva Nury to purchase a hair washing basin for her hair salon, and in this way be able to provide her customers with better service.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Apr 18, 2012
Jun 1, 2012
Currency Exchange Loss:
Jan 15, 2013