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Blanca Ligia
For 30 years Blanca Ligia has been sewing for other people and third parties. She is an enterprising woman who has always dreamed about having a better future. She works very hard to grow her business. In an effort to improve her service she must buy an overlock sewing machine which will facilitate the sewing process and lend greater quality to the finished product. Blanca does not have enough money to buy the machine so she is requesting a loan for the purchase, especially since she knows it will bring in more orders and new customers.

At her 57 years of age and as the mother of two children, her only goal is to have a better lifestyle, increase sales and production capacity, and eventually stabilize her difficult economic situation.
View original language description ↓
Desde hace 30 años Blanca Ligia se dedica a la confección directa y a terceros, es una mujer emprendedora que siempre ha soñado con tener un mejor futuro, y por ello trabaja con gran esmero para hacer progresar su negocio. Hoy en día quiere mejorar el servicio, y para ello debe comprar una máquina recubridora que agilice el proceso de confección y le de mayor calidad a sus productos terminados, pero Blanca no cuenta con la suma de dinero necesaria para la compra de la máquina, por lo que solicita un préstamo con que hacer dicha compra, pues es conciente que así su negocio tendrá mayores pedidos y nuevos clientes.

A sus 57 años de edad y como madre de 2 hijos su único propósito es llegar a tener una mejor calidad de vida, mejorar las ventas y la capacidad de producción y finalmente estabilizar su difícil situación económica.

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
  • 417
    View loans »
    Colombia Loans Fundraising
  • $16,314,875
    Funds lent in using Kiva
  • 1,875.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Blanca Ligia to buy an overlock sewing machine.
100% repaid
Repayment Term
33 months (Additional Information)
Repayment Schedule
Oct 25, 2011
Oct 27, 2011
Currency Exchange Loss:
May 17, 2013