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Nancy Elena
Nancy Elena is a person who has been hit by life’s adversity. Some time ago, her husband died and she was left a widow with a son to support. Nowadays, she is a single mother who is head of the household. She works hard driven by the desire that her son have the best quality of life possible along with a good education that will enable him to get a good job in the future.

Nancy Elena is well known in the area as being a very kind person with a very noble heart. She is always ready to help those who most need it. Seven years ago she started her tailoring workshop where she offers services to third parties and she started it because she used to work in a tailoring business where she acquired the skill but was very badly paid. Since them she has been working very hard in her tailoring shop and she is always looking for ways to grow her business so that she can generate jobs and contract those most in need. Currently Nancy Elena has four workers and her customers are faithful because her work is of very good quality.

At present Nancy Elena needs to buy a threading machine to increase her shop’s productive capacity. She also needs to service two other machines in her workshop, however she lacks sufficient capital and hopes that a loan will enable her to buy the new machine and do necessary maintenance.

Nancy hopes that with the purchase of the threading machine she can generate another job and continue enabling more people to have access to paid work so they can improve their quality of life.

She has a big dream that her workshop will expand and she can continue offering employment and that her son will inherit economic stability enabling him to succeed in the future.
View original language description ↓
Nancy Elena ha sido una persona golpeada por diferentes adversidades en la vida, pues desde hace ya un tiempo su esposo murió y quedó viuda a cargo de su hijo. Actualmente Nancy Elena, una madre soltera cabeza de familia, trabaja fuertemente con el ánimo de que su hijo pueda tener la mejor calidad de vida posible y pueda acceder a una buena educación que le permita desempeñarse laboralmente en un futuro.
Nancy Elena es muy reconocida en su sector por ser una persona muy amable y con un corazón muy noble, pues siempre quiere ayudar a las personas que más lo necesitan.
Nancy Elena desde hace 7 años montó su taller de confección, donde ofrece el servicio de confección a terceros, y lo montó porque trabajaba en una empresa de confección donde aprendió la actividad, pero era muy mal remunerada. Desde entonces Nancy Elena viene trabajando fuertemente en su taller de confección y siempre busca que su negocio crezca para que pueda generar empleo y contratar a las personas más necesitadas. Actualmente Nancy Elena cuenta con 4 trabajadores y sus clientes son fieles a sus servicios, pues son de muy buena calidad.
Nancy Elena en la actualidad requiere de la compra de una fileteadora para aumentar la capacidad de producción de su taller, y realizarle mantenimiento a otras 2 máquinas de su taller. Sin embargo, Nancy Elena no cuenta con el capital suficiente para ello, por lo que espera que un crédito le permita acceder a la compra de una fileteadora y a realizarle el mantenimiento que requiere 2 máquinas más.
Nancy Elena espera que con la compra de la nueva máquina pueda generar otro puesto de trabajo, y seguir contribuyendo para que más personas puedan acceder a un trabajo remunerado y mejoren su calidad de vida.
Nancy Elena tiene el gran sueño de que su taller crezca y pueda seguir ofreciendo más empleo y que su hijo pueda heredar una estabilidad económica que le permita progresar en un futuro.

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
  • 483
    View loans »
    Colombia Loans Fundraising
  • $14,960,825
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Nancy Elena to purchase a threading machine and to service two machines in her workshop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2012
Listed
Jan 21, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 20, 2013