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Blanca Ines
Blanca’s a person who despite all the adversities life has presented her has had the strength to continue forward making progress. Blanca’s a head of household, single mother of three children who are 15, 14 and 2 years old because the father of her children died a short while ago and she was left in charge of them. She’s always wanted to provide her children with a good quality of life and greater opportunities for progress so she works hard at her business every day.

At the beginning, Blanca started her clothes making business aiming to help her husband meet household expenses. However, after his death this is the source of income that has allowed her to support her family.

Blanca set up the business about 6 years ago after having worked for a long time for a firm that did this type of work. Thanks to the good quality of her items her business has grown quickly and she now requires employing a person. This is why Blanca is looking for a loan that will make it possible for her to buy an overlock sewing machine and a serger sewing machine and a work table to have the necessary work tools available for the person she’s going to hire for her business.

Blanca hopes that she will be able to improve the quality of life of someone outside her family and that this will be the beginning of great employment generation in her shop. Blanca also hopes that with greater income her children will enjoy a better quality of life and greater opportunities to make progress. Blanca dreams that someday her business will provide her with the opportunity to buy a house of her own, to offer her children a quality education and to produce economic stability that will allow them to progress.
View original language description ↓
Blanca es una persona que a pesar de todas las adversidades que le ha presentado la vida, ha tenido la fortaleza para salir adelante y continuar progresando. Blanca es una madre soltera cabeza de familia de sus 3 hijos de 15, 14 y 2 años de edad, pues el padre de sus hijos murió hace poco tiempo y ella quedo a cargo de ellos. A sus hijos siempre les ha querido ofrecer una buena calidad de vida y mayores oportunidades de progreso, por lo que trabaja fuertemente en su negocio todos los días. Blanca en un principio inició su negocio de confección con el ánimo de contribuir junto con su esposo a los ingresos de su hogar, sin embargo, luego de la muerte de su esposo, esta es la fuente de ingresos que le ha permitido sacar su familia adelante. Blanca montó su negocio hace aproximadamente 6 años luego de trabajar durante un largo tiempo para una empresa que se dedicaba a esta actividad. Gracias a la buena calidad de sus productos su negocio ha ido creciendo rápidamente, y ahora requiere contratar una persona. Es por esto que Blanca busca que un préstamo le brinde la posibilidad de acceder a la compra de una máquina recubridora, una máquina fileteadora y una mesa de trabajo para poder ofrecer las herramientas necesarias a la persona que contratará en su negocio.

Blanca espera que de esta manera pueda mejorarle la calidad de vida a une persona diferente a su familia y que este sea el comienzo de una gran generación de empleo en su taller. Además, Blanca espera que con mayores ingresos sus hijos puedan gozar de una mejor calidad de vida y mayores oportunidades de progreso. Blanca tiene el sueño de que su negocio le brinde la posibilidad de comprar su casa propia, ofrecerle a sus hijos una educación de calidad, y poder dejarles una estabilidad económica que les permita progresar.

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
  • 266
    View loans »
    Colombia Loans Fundraising
  • $13,343,550
    Funds lent in using Kiva
  • 1,770.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Blanca Ines to buy sewing machines and sewing supplies.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013