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Ana Dilia
Ana started an arepas [Colombian maize breads] making business approximately a year ago, motivated mainly by the great economic difficulties that her household was facing. That was when she started her business - with very little capital but with great enthusiasm. Thanks to her making arepas her husband and their two children can have a better quality of life at home and although they still have difficulties, they have more of a chance of getting over them. The greatest difficulty Ana has in her business is her carbon stove and the grinder to produce the arepas, which is manual. This makes her production much more expensive and also often delays her work. Hoping to overcome this difficulty Ana is looking for a loan in order to buy a gas stove and an electric grinder, so as to increase production capacity and reduce costs.

Her dream is to have a large arepa factory where she can distribute her product to different municipalities. Also she hopes to increase her income so that her family can have a better quality of life at home.
View original language description ↓
Ana inició desde hace aproximadamente un año una fábrica de arepas motivada principalmente por las grandes dificultades económicas que tenían en su hogar, fue entonces que con muy poco capital pero con muchas ganas inició este negocio. Gracias a su fabricación de arepas, ahora su esposo y sus 2 hijos pueden tener una mejor calidad de vida en el hogar, y aunque las dificultades todavía se presentan, ya pueden tener más posibilidades para superarlas. La gran dificultad que tiene Ana en su negocio es que su fogón es de carbón y el molino para producir las arepas es manual, lo que hace que su producción sea más costosa y también se retrace muchas veces. Buscando superar esta dificultad Ana busca un préstamo para comprar un fogón a gas y comprar un molino eléctrico, de manera que podrá aumentar su capacidad de producción y reducir sus costos de producción.

Su sueño es llegar a tener una gran fábrica de arepas con la que pueda distribuir a diferentes municipios su producto. Además, aspira a tener unos mejores ingresos para que su familia pueda tener una mejor calidad de vida en el hogar.

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
  • 296
    View loans »
    Colombia Loans Fundraising
  • $17,954,500
    Funds lent in using Kiva
  • 1,797.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Ana Dilia to buy a gas stove and an electric grinder, so as to increase production capacity and reduce costs.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Sep 29, 2012
Nov 1, 2012
Currency Exchange Loss:
Nov 17, 2014