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Ruby Dalila
Ruby is a single mother head of household, with a 12 year-old son. She has worked hard to provide him with a better quality of life and with access to a high quality education. To do so, she has a store where she sells clothing, principally ladies’ blouses, which she makes herself in her home. In this way, Ruby has the opportunity to earn greater profits for her products because she does not pay a provider for the manufactured items; she simply buys the materials and makes them herself.

Despite the fact that she started her business with very little capital and she has few resources, her hard work has enabled her to get ahead and offer her clients very high quality products, thanks to which she is having some good sales. Ruby is requesting a loan to purchase supplies, such as fabric and thread in order to make the blouses she needs for her business so she can meet her customers’ demands.

Her dream is to be able to move her business forward and in the future generate jobs for people in need. As well, she aspires to have a better quality of life for herself and her son in their home and to have better opportunities to get ahead.
View original language description ↓
Ruby es madre soltera cabeza de familia de su hijo de 12 años de edad y con mucho esfuerzo ha buscado ofrecerle una buena calidad de vida y el acceso a una educación de mejor calidad para su hijo; para lograrlo, Ruby tiene un almacén de venta de ropa donde ofrece principalmente blusas para dama, las cuales con un gran esfuerzo confecciona por su propia cuenta en su hogar. De esta manera, Ruby tiene la oportunidad de obtener mayores utilidades por sus productos ya que no paga a un proveedor por la prenda fabricada sino que compra los insumos y las confecciona ella misma. A pesar de que su negocio lo inició con muy bajo capital y cuenta con muy pocos recursos, su esfuerzo le ha permitido salir adelante y ofrecer a sus clientes productos de muy buena calidad, y gracias a que esta teniendo unas buenas ventas, Ruby busca un préstamo para comprar insumos como telas e hilos para confeccionar blusas que requiere en su negocio para satisfacer las necesidades de sus clientes.

Su sueño es poder sacar este negocio adelante y en un futuro generar empleo para las personas más necesitadas. Además, aspira a tener una mejor calidad de vida para ella y su hijo en el hogar y tener mejores oportunidades económicas para salir adelante.

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
  • 230
    View loans »
    Colombia Loans Fundraising
  • $16,925,975
    Funds lent in using Kiva
  • 1,830.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Ruby Dalila to buy supplies, such as fabric and thread to make the blouses that she needs in her business so she can satisfy the demands of her customers.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Jul 30, 2012
Sep 10, 2012
Currency Exchange Loss:
Mar 15, 2013