A loan of $1,750 helped to pay off a debt.

Antia's story

With a 67,275 pesos loan Antia was able to pay off a debt she had with an informal lender that she had to pay more than 100% interest annually on with her house as collateral. Every month Antia had to find capital and a high interest to repay a loan that due to lack of information she took out with an informal lender. This caused her to lose sleep when payment day was approaching because she didn’t know where she was going to find the money needed to repay the debt. Antia’s husband is a master builder and works as a contractor which means that when he does not have any jobs lined up there also is no household income.

Antia has a small business selling personal care items like shampoo, deodorant and body lotion and she’s also an independent representative for a catalogue sales firm.

Antia has three children who are 20, 15 and 12 years of age; the oldest works and the two younger ones attend school. Anita’s greatest dream is to support her children so that they can have university careers.

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Translated from Spanish by Kiva volunteer Polliz

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