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Maria Lucero
María is a person who has had the strength to overcome great adversities life has presented her. María is a single mother head of household because her husband died some time ago leaving her widowed in charge of their only son. Back then, María had a job that allowed her to contribute economically to her home but with her husband’s death she had to leave her job to take care of her son.

Because she needed to generate income too she set up a sewing workshop where she does sewing jobs for third persons and thanks to the good quality of her products she’s become recognized in the sector and this has led to her acquiring a large number of customers. In her workshop María is noted for delivering her completed orders on time and for always offering good customers service which has led to her acquiring more and more customers for her business each time. Thanks to the fact that her orders have increased considerably lately, María is looking for a loan that will make it possible for her to buy a serger sewing machine with which she can offer employment to someone. In this way María will have the necessary work tool of the person who will work with her in the shop to increase production capacity and be able to fill all the pending orders she has from customers.

In addition, María hopes that her shop will continue growing and generating more income each time because her son is about to finish secondary school and she needs money to pay for his university. María dreams with having a large workshop to generate much employment and to offer her son a better quality of life and greater economic opportunities to continue making progress.
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Maria es una persona que ha tenido una gran fortaleza para superar grandes adversidades que se le han presentado en la vida. Maria es una madre soltera cabeza de familia, pues su ex esposo murió hace un tiempo y la dejó viuda a cargo de su único hijo. En ese entonces, Maria tenía un empleo con el cual generaba ingresos para contribuir económicamente en su hogar, pero con la muerte de su esposo se vio en la obligación de dejar su empleo para poder estar más al cuidado de su hijo. Debido a que necesariamente tenía que generar ingresos, montó un taller de confección donde ofrece el servicio de confección a terceros y el cual, gracias a la buena calidad de sus productos, ha tenido un gran reconocimiento en el sector y le ha permitido captar un gran número de clientes. En su taller, Maria se ha caracterizado por entregar pedidos a tiempo, y siempre ofrecer un buen servicio a sus clientes, y esto le ha permitido venir captando cada vez más clientes para su negocio. Gracias a que actualmente sus pedidos se han incrementado considerablemente, Maria busca que un préstamo le brinde la oportunidad de acceder a la compra de una máquina fileteadora con la cual pueda generar un empleo en su taller.

De esta manera, Maria podrá ofrecer la herramienta de trabajo para la persona que le colaborará en su taller para aumentar la capacidad de producción y así responder a todos los pedidos que le hacen sus clientes. Además, Maria espera que así su taller siga creciendo y le siga generando cada vez más ingresos, ya que su hijo esta próximo a dejar la secundaria y requiere de dinero para pagar sus gastos universitarios. Maria sueña con tener un gran taller, generar mucho empleo y poder ofrecerle a su hijo una mejor calidad de vida y mayores oportunidades económicas para seguir progresando.

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
  • 475
    View loans »
    Colombia Loans Fundraising
  • $15,264,975
    Funds lent in using Kiva
  • 1,772.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Maria Lucero to buy a sewing machine.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2012
Listed
May 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013