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Blanca Olivia
After her husband passed away, Blanca Olivia took charge of her household and decided to become a seamstress. She learned this trade a few years ago and it has allowed her to work from home and generate the necessary income she needs to get ahead. After some time, this entrepreneur began receiving recognition in her neighborhood of Itagüí-Antioquia.

This determined woman earns her income by providing alterations, mending garments, and designing clothes. She currently needs a loan to buy supplies, such as fabrics and thread, so that she can improve her capacity to fulfill orders and increase her income.

View original language description ↓
Después de que su esposo falleciera, Blanca Olivia tuvo que hacerse cargo de su hogar y eligió la confección, oficio que había aprendido algunos años y que además le permitiría trabajar desde su casa y generar los ingresos necesarios para salir adelante, fue entonces cuando después de un tiempo, esta emprendedora empezó a ser reconocida en su barrio en Itagüí - Antioquia.

Ropa sobremedida, arreglos de prendas de vestir, entre otras confecciones son la fuente de ingresos de esta luchadora que actualmente necesita de un préstamo para comprar insumos como telas e hilos que le permitirán mejorar su capacidad de respuesta en cuanto a los pedidos y así incrementar sus ingresos.

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
  • 372
    View loans »
    Colombia Loans Fundraising
  • $15,691,700
    Funds lent in using Kiva
  • 1,775.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Blanca Olivia to purchase sewing supplies.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 13, 2011
Jun 19, 2011
Currency Exchange Loss:
May 16, 2012