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Beatriz Elena
At 55 years of age, Beatriz Elena has been obligated to cover the household duties since her husband suffered an accident. Besides this she has two children to whom she gives everything necessary, and because of this she works harder each day. And this is why Beatriz Elena, as she already knew the clothing industry, decided to open her own business, manufacturing through contract to third parties and little by little to make her own line.

Thanks to this activity, and the decision of entrepreneurship, Beatriz Elena has been able to meet the household expenses and her children have not had to see their quality of life affected very much.

Now Beatriz Elena hopes that she can expand her business, to have more dressmaking contracts with third parties, and with the profits go on expanding the manufacturing of her own line of clothing. This is why Beatriz Elena is looking for a loan that will permit her to improve her facility, making her worksite larger, and also to buy raw materials in order to complete some of the contracts that she has made with one of her clients.

Beatriz Elena hopes that with the expansion of her business, her profits increase and in this way fulfill her dream of having her own line of ready-to-wear clothing positioned in the market. In this way, her children will have a better quality of life with economic stability that permits them to afford the best education possible.
View original language description ↓
A sus 55 años Beatriz Elena se ha visto obligada en cubrir las obligaciones de su hogar desde que su esposo sufrió un accidente. Además de esto tiene 2 hijos a los cuales les debe brindar todo lo necesario, y por los que trabaja más fuerte cada día. Es por esto que Beatriz Elena, como ya conocía la actividad de la confección, decidió iniciar con su propio negocio y trabajar confeccionando por contrato a terceros y poco a poco sacar su línea propia. Gracias a esta actividad, y a esta decisión de emprendimiento, Beatriz Elena ha podido sufragar los gastos del hogar, y sus hijos no han tenido que ver afectada su calidad de vida fuertemente. Ahora, Beatriz Elena aspira a que su negocio pueda expandirse, tener más contratos de confección a terceros y así con las utilidades ir expandiendo también la confección de su línea propia. Es por esto que Beatriz Elena esta en busca de un préstamo que le permita realizar mejoras locativas a su negocio, donde su sitio de trabajo quede mas grande, y también comprar materia prima para la confección de unos contratos que hizo con uno de sus clientes.
Beatriz Elena aspira que con la expansión de su negocio mejoren sus ingresos y pueda de esta manera cumplir su sueño de tener una línea propia confeccionada por ella y que este posicionada en el mercado. De esta manera, sus hijos tendrán una mejor calidad de vida con una estabilidad económica que les permita acceder a la mejor educación posible.

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
  • $13,494,325
    Funds lent in using Kiva
  • 1,838.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Beatriz Elena to improve the facility, expanding her worksite, and to buy raw materials in order to carry through with a contract that she has with a client.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2012
Listed
Jan 18, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013