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Maria Sonia
Maria is someone who has decided to set up her own business and get ahead on her own. After many years of working as an operator and sewing supervisor at a company, she has decided to work independently and generate her own income. Her idea is to set up a business and offer employment to other people. Maria is married and has a son for whom she has always wanted to provide a good education. Lately she has been working hard to give him a university education. Since Maria does not have much capital, she is requesting a loan to buy the basic machinery she needs to set up her own sewing workshop.

Maria hopes to increase her monthly income considerably, and generate profits so she will not just have a basic salary like the one she received as an employee. Her goal is to have a market presence and many customers, and offer stable employment to people who need it most.
View original language description ↓
Maria es una persona que se decidió a montar su propio negocio y prosperar por su propia cuenta. Es por esto que luego de muchos años trabajando como operaria y supervisora de confecciones en una empresa, ha decidido trabajar independiente y generar sus propios ingresos y montar un negocio en el cual pueda generar empleo para las demás personas. Maria se encuentra casada y tiene 1 hijo a quien siempre le ha querido ofrecer una buena educación, por lo que últimamente ha venido trabajando muy fuerte para poder ofrecerle una educación universitaria. Debido a que María no cuenta con un gran capital, busca que un préstamo le brinde la oportunidad de acceder a la compra de la maquinaria básica y necesaria para montar su propio taller de confección.

Maria espera que de esta manera sus ingresos mensuales aumenten considerablemente, pues podrá captar la utilidad de su negocio y no solo quedarse con un salario básico que es lo que le pagaban como empleada. Además, Maria espera que con mayores ingresos pueda contribuir más a los ingresos de su hogar y de esta manera su familia pueda tener una mejor calidad de vida. Sueña con que su taller se posicione en el mercado y pueda tener una gran cantidad de clientes, además de poder ofrecer mucho empleo estable para las personas más necesitadas.

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
  • 288
    View loans »
    Colombia Loans Fundraising
  • $13,892,025
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,825 helped Maria Sonia to buy basic machinery to set up her own sewing workshop.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 24, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 19, 2014