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Ledys Omaria
For some time Ledys Omaria has worked making clothing, and it is through this work that she has been able to provide for her family. She needs to purchase more sewing machines so that she can increase the production capacity she offers her clients. This way she can improve her quality of life and her family will make significant strides towards a better life.
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Desde hace un tiempo Ledys Omaria se dedica a la confección y es a través de este trabajo que ha podido mantener el sustento de su familia, es por esto que ella necesita comprar mas máquinas para poder ofrecerle a susu clientes mayor capacidad de producción y de esta manera la calidad de vida de ella y su familia mejorará notablemente,

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

  • $6,070
    Average annual income
  • 265
    View loans »
    Colombia Loans Fundraising
  • $13,601,850
    Funds lent in using Kiva
  • 1,915.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,050 helped Ledys Omaria purchase of sewing machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 21, 2011
Listed
Mar 3, 2011
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013