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Claudia Cecilia
Claudia is a person who has always been known for being very hard-working, and always wanting to offer a good quality of life to her husband and her 6-year-old son. Because the income generated by her husband were not sufficient to cover all of their household's expenses, Claudia decided to start a business, without much capital, making clothing. With this business, she has been able to contribute economically to her household income. Thanks to this business, her family has been able to enjoy a better quality of life, and her son has been able to gain access to a higher quality education. The main advantages presented by Claudia are the good service she offers her customers and the good quality of her products; however, her main difficulty is the lack of capital to allow her to work in her business with better conditions. For this reason, she is seeking a loan to provide the opportunity to buy supplies and materials for her business, and to perform maintenance on one of her sewing machines.

Claudia hopes that in this way her business will keep moving forward, and she can keep offering her customers good quality in her products. In addition, Claudia hopes that with better sales, her work can offer her the opportunity to fulfill her dream to have a house of her own, where she can live better together with her husband and her son.
View original language description ↓
Claudia es una persona que siempre se ha caracterizado por ser muy trabajadora y siempre querer ofrecer una buena calidad de vida a su esposo y su hijo de 6 años. Debido a que los ingresos que generaba su esposo no eran suficientes para sostener todos los gastos de su hogar, Claudia decidió montar sin mucho capital un negocio de confección de prendas de vestir, con el cual ha podido aportar económicamente con los ingresos de su hogar. Gracias a este negocio, su familia ha podido gozar de una mejor calidad de vida y su hijo ha podido tener acceso a una educación de mejor calidad. Las principales ventajas que presenta Claudia es la buena atención que ofrece a sus clientes y la buena calidad de sus productos; sin embargo, su principal dificultad es la falta de capital para poder trabajar su negocio con mejores condiciones, y es por esto que Claudia busca que un préstamo le brinde la oportunidad de acceder a la compra de insumos y materiales para su negocio y a realizar el mantenimiento de una de sus máquinas de confección.

Claudia espera que de esta manera su negocio siga saliendo adelante y siga ofreciendo a sus clientes mejor calidad en sus productos. Además, Claudia espera que con mejores ventas, su trabajo le brinde la posibilidad de cumplir su sueño de tener una casa propia donde pueda convivir mejor con su esposo y su hijo.

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

  • $11,100
    Average annual income
  • 466
    View loans »
    Colombia Loans Fundraising
  • $15,266,825
    Funds lent in using Kiva
  • 1,759.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,425 helped Claudia Cecilia to buy supplies and materials for her business and perform maintenance on one of her sewing machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Apr 7, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014