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Gloria Nelcy
Gloria is twenty-three years old and is a fighting young woman with a lot of experience in the working world despite her young age. She says that one of her greatest dreams has always been to make herself into a businesswoman and to start her own business, with the final goal being to offer a service that is lacking in her community and to improve the quality of life for her nuclear family.

Despite having a business plan laid out, Gloria does not have the economic resources in order to execute her plan. That is why she is requesting a loan. She will invest in the purchase of unrefined whole cane sugar wholesale. She will make herself into a collection center where she sells and distributes this product.

She hopes to reach the break-event point and to be competent in order to remain in the local market.
View original language description ↓
Gloria de 23 años de edad, es una joven guerrera, con gran trayectoria en el mundo laboral a pesar de su corta edad. Asegura que uno de sus grandes sueños siempre ha sido convertirse en empresaria y crear su propio negocio, con el fin de ofrecer un servicio carente en su localidad mejorando la calidad de vida de su núcleo familiar.
A pesar tener un plan de negocio trazado, Gloria no cuenta con los recursos económicos para ejecutar su proyecto, por lo cual se encuentra solicitando un crédito que invertirá en la compra de panela al por mayor para convertirse en un centro de acopio en donde se comercialice y se distribuya el producto.
Espera alcanzar el punto de equilibrio y ser competente para permanecer en el mercado local.

Additional Information

More information about this loan

By supporting this loan, you're helping a borrower launch a new business!

This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.

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
  • 229
    View loans »
    Colombia Loans Fundraising
  • $17,862,975
    Funds lent in using Kiva
  • 1,834.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Gloria Nelcy to buy unrefined whole cane sugar wholesale.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 29, 2013
May 13, 2013
Currency Exchange Loss:
Jan 17, 2015