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Sandra Catalina
Sandra is a young entrepreneur. At the young age of 19, she has already established her own business and she works very hard to maintain it. Sandra sews her own line of clothing, which she sells in her municipality and in other nearby municipalities. She is currently studying fashion design; with great hard work, she has made her own line successful. Thanks to the high quality of her products, she has been able to capture a large section of the market. These clients guarantee her a large level of sales.
Sandra opened her business two years ago. She started off with a very small amount of working capital, so she has found it necessary to increase her production capacity in order to fill all of her clients' orders. For this reason, Sandra is requesting a loan. This loan will offer her the opportunity to buy the tools she needs, such as fabric and thread, and to increase her business' production capacity in order to fill all of her clients' orders.
Sandra hopes that her business will continue to grow and succeed thanks to this loan; and that she will be able to reach her dream of having her own business which is well-known throughout the country, and which will generate a great deal of employment for those who most need it.
View original language description ↓
Sandra es una joven emprendedora que a la corta edad de 19 años ya ha montado su propio negocio y trabaja fuertemente para sacarlo adelante. Sandra se dedica a la confección de su propia línea de prendas de vestir las cuales comercializa en su municipio y en otros municipios cercanos. Actualmente estudia diseño de modas y con mucho esfuerzo ha sacado su propia marca de prendas de vestir adelante. Gracias a la buena calidad de sus productos ha podido captar un gran número de clientes, los que le garantizan unos grandes niveles de ventas. Su negocio lo montó hace 2 años y debido al poco capital con el que lo montó ha visto la necesidad de incrementar su capacidad de producción para responder a todos los pedidos que le hacen sus clientes. Es por esto que Sandra busca que un préstamo le brinde la oportunidad de acceder a la compra de insumos para la confección como telas e hilos y poder aumentar la capacidad productiva de su negocio para responder a los pedidos de sus clientes.

Sandra espera que de esta manera su negocio siga creciendo y siga saliendo adelante, de modo que pueda cumplir su sueño de tener su propio negocio que sea muy reconocido en el país y desde el cual pueda generar mucho empleo 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
  • 269
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,764.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Sandra Catalina to buy supplies for dressmaking, such as fabric and thread, in order to increase production and fill orders.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Covered
Ended:
May 16, 2012