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Beatriz Elena
Beatriz Elena has worked for her whole life in the area of tailoring. Thanks to the experience that she acquired, her products are very well-liked for their good quality.
When she was very young, Beatriz Elena began to work with her family in a tailoring workshop, and about 7 years ago she decided to start her own tailoring workshop and focus on third party tailoring services. Since then, this has been her main source of income and with this she helps to provide support for the household costs, where she lives with her husband and 3 children.
Beatriz Elena is very well known in her area for being a kind and hard-working person. All of this has helped her to have customers who are loyal to her products. Beatriz Elena has a big dream that her workshop will grow and expand so that she will be able to create jobs and collaborate with more people to improve their quality of life.
Beatriz Elena currently has an order from a customer of hers that requires that she buy more fabric, thread, and some tools of the trade. However, she does not have enough money to make these purchases. This is why she is hoping that a loan will offer her the opportunity to make the purchase of fabric, thread, needles, and other products to make the order that her customer requested and continue obtaining the necessary income for her home.
Beatriz Elena wants her business to bring in a better income. She wants to offer her children the opportunity to obtain a bachelor's degree that will allow them to have a well-paying job in the future.
View original language description ↓
Beatriz Elena ha trabajado toda su vida en el sector de la confección, y gracias a la experiencia que adquirió sus productos son muy apetecidos por su buena calidad.
Desde muy joven Beatriz Elena comenzó a trabajar con su familia en un taller de confección, y hace aproximadamente 7 años decidió montar su propio taller de confección y dedicarse al servicio de confección a terceros. Desde entonces esta es su fuente de ingresos y con esto ayuda al sostenimiento de los gastos de su hogar, donde convive con su esposo y sus 3 hijos.
Beatriz Elena es muy reconocida en su sector por ser una persona muy amable y trabajadora, y todo esto le ha ayudado a que sus clientes sean fieles a sus productos. Beatriz Elena tiene el gran sueño de que su taller crezca y se pueda expandir, para poder generar empleo y colaborarle a las demás personas mejorándoles su calidad de vida.
Beatriz Elena actualmente tiene un pedido de un cliente suyo que requiere de la compra de más tela, hilos y algunas herramientas de trabajo, sin embargo, no cuenta con el capital suficiente para realizar estas compras, por lo que aspira a que un préstamo le brinde la posibilidad de acceder a la compra de telas, hilos, agujas, entre otros productos para confeccionar el pedido que le hizo un cliente y seguir obteniendo los ingresos necesarios para su hogar.
Beatriz Elena quiere que en un futuro su negocio le brinde mayores ingresos, y pueda brindarles a sus hijos la posibilidad de acceder a una carrera universitaria que le permita tener un empleo bien remunerado 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

  • $6,070
    Average annual income
  • 268
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,837.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Beatriz Elena buy fabric, thread, and needles to make a client's order.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2013