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Aura Rosa
Aura has always been a very hardworking person; this has made her business famous for the quality products it offers. For about 15 years, Aura has made pajamas and underwear. Her business helps pay for her household expenses. The great service Aura provides has allowed her to build a large customer base and also has guaranteed strong sales. Since she started her business with very little capital, Aura has worked very hard to get ahead. She is very proud, therefore, to have a large tailoring business today.

Aura is seeking a loan so that she can buy basic materials, including cotton, to make her products. She also wants to repair her sewing machines. This way she can continue growing her business so that she can generate more income for her household. Aura hopes that through her business she can offer her husband and 3 children better living conditions and financial stability.
View original language description ↓
Aura es una persona que siempre se ha caracterizado por ser muy trabajadora, y gracias a esta cualidad su negocio ha sido muy reconocido por la buena calidad de los productos que ofrece. Aura se dedica desde hace aproximadamente 15 años a la confección de pijamas y ropa interior, negocio con el cual ha contribuido económicamente al sostenimiento de los gastos de su hogar. Gracias a la buena atención que ofrece Aura a sus clientes, ha tenido la oportunidad de captar un gran número de clientes, lo que a su vez le ha garantizado unas grandes ventas en su negocio. Dado que su negocio fue montado con muy bajo capital, Aura se ha esforzado bastante con el fin de sacarlo adelante, y esto le ha permitido sentirse orgullosa por tener hoy en día un gran negocio de confección. Con la finalidad de comprar algunas materias primas y realizar algunos mantenimientos a sus máquinas, Aura busca que un préstamo le brinde la oportunidad de acceder a la compra de algodón para la fabricación de sus productos y realizar mantenimiento a sus máquinas de confección.

De esta manera, Aura podrá continuar trabajando en su negocio y seguir creciendo para poder generar mayores ingresos en su hogar. Aura sueña con que este negocio le brinde la oportunidad de ofrecer a su esposo y a sus 3 hijos una buena calidad de vida y una mejor estabilidad económica.

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
  • 470
    View loans »
    Colombia Loans Fundraising
  • $15,266,950
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Aura Rosa to buy cotton to make her products and to repair her sewing machines.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Apr 17, 2014