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Edilia Del Socorro
Edilia del Socorro has been described by her family, friends and customers as a hard worker that is always working to succeed. Edilia del Socorro started her tailoring workshop with her husband approximately six years ago and thanks to this business has sufficient income to cover the household expenses, where she lives with her husband and her son. Previously Edilia del Socorro worked in a tailoring business and her husband was a tailor; so one day they decided to open their own tailor workshop, offer tailoring service to others and also start their own line. Edilia de Socorro always wanted to offer work to people in most need, so she also wanted her business to strengthen and grow so she could hire more and more people. Edilia de Socorro and her husband are people who are interested in the well-being of others, and thanks to this their business has earned a good reputation in the local industry, as well as selling good quality products, they are known for being a place where the employees can build a better future.

Edilia del Socorro has always wanted to do every step of the process in her workshop, however, for lack of a particular sewing machine, this has not been possible and she has had to contract part of the work out to a different tailor. Edilia del Socorro aspires to buy this sewing machine, and to be able to provide another job to a person in need of income. It is for this reason that she hopes to get the loan, to be able to buy the sewing machine and continue impacting and improving the quality of life for other people.
View original language description ↓
Edilia del Socorro es una persona que se ha caracterizado entre sus familiares, amigos y clientes como una trabajadora que siempre se quiere superar. Edilia del Socorro montó su taller de confección con su esposo desde hace 6 años aproximadamente, y gracias a este obtiene los ingresos necesarios para cubrir los gastos de su hogar, donde convive con su esposo y con su hijo. Anteriormente Edilia del Socorro trabajaba en una empresa de confección y su esposo era sastre, por lo que un día tomaron la decisión de montar su propio taller de confección y ofrecer el servicio de confección a terceros y también sacar su línea propia. Edilia del Socorro siempre ha querido ofrecer trabajo a las personas más necesitadas, por lo que siempre aspira a que su negocio crezca y se consolide para poder contratar cada vez a más personas. Los empleados de su taller de confección, tiene a Edilia del Socorro y a su esposo como unas personas muy interesadas en el bienestar de los demás, y gracias a esto, su taller de confección se ha ganado una gran reputación en su sector, pues además de vender productos de muy buena calidad, las personas lo tienen como un taller donde las personas pueden construir un futuro mejor.
Edilia del Socorro siempre ha querido confeccionar todo el proceso en su taller, sin embargo, por falta de una máquina recubridora esto no ha sido posible, y debe contratar este servicio con otro taller de confección. Edilia del Socorro aspira a comprar esta máquina recubridora y poder brindarle este puesto de trabajo a una persona que necesite de un ingreso, por lo que aspira a que un préstamo le permita acceder a la compra de la máquina recubridora y pueda así seguir impactando y mejorando la calidad de vida de más personas.

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
  • 243
    View loans »
    Colombia Loans Fundraising
  • $13,362,800
    Funds lent in using Kiva
  • 1,836.4
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Edilia Del Socorro to buy a sewing machine for her tailoring workshop.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 13, 2012
Listed
Jan 20, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 15, 2012