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Gloria Amparo
Gloria has worked in dressmaking for approximately 30 years because she learned how in a sewing class she took. Since then, Gloria has been earning her own income with this activity. From the beginning, she set up her own sewing shop where she has sewn items for third parties.

Gloria is married, and together with her husband she has been able to overcome great adversity in her life. Gloria went through a time of crisis, during which she had to close her business. However, her desire to get ahead allowed her to overcome the crisis, and she has been able to re-open her sewing shop. Gloria, who desires to continue improving her sewing shop so she can offer her customers the best service, is asking for a loan which will make it possible for her to buy an overlock sewing machine. This will allow her to offer better-quality service to her customers and make her dressmaking business more agile.

Gloria hopes that her business will return to its previous levels of sales and that it will be able to generate income so she can improve her family's quality of life. She also wants to create jobs for people who need them most.
View original language description ↓
Gloria se dedica a la actividad de la confección desde hace aproximadamente 30 años, gracias a que aprendió de un curso de confección que tomó. Desde entonces, Gloria se ha venido generando sus propios ingresos con esta actividad, pues desde el comienzo montó su propio taller de confección donde ha realizado el servicio de confección a terceros. Gloria se encuentra casada y junto con su esposo ha podido superar grandes adversidades que le ha presentado la vida. Gloria tuvo un tiempo de crisis durante el cual tuvo que cerrar su negocio, sin embargo, sus ganas de salir adelante le permitieron superarlo y ha podido reiniciar su taller de confección. Gloria, con el ánimo de continuar mejorando su taller de confección para poder ofrecer el mejor servicio a sus clientes, busca que un préstamo le brinde la posibilidad de acceder a la compra de una máquina fileteadora la cual le permita ofrecer un servicio de mejor calidad a sus clientes y poder agilizar su trabajo de confección.

Gloria espera que su negocio vuelva a los niveles de ventas que tenía anteriormente y poder generar ingresos con los cuales pueda mejorar la calidad de vida de su familia, además, de poder generar empleo para las personas que más lo necesitan.

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
  • 249
    View loans »
    Colombia Loans Fundraising
  • $13,479,900
    Funds lent in using Kiva
  • 1,785.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Gloria Amparo to buy an overlock sewing machine.
100% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2012
Listed
Mar 2, 2012
Currency Exchange Loss:
Covered
Ended:
May 17, 2013