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Blanca Rubiela
Blanca has a sewing workshop through which she can generate jobs and improve the quality of life for many people. Her business has contributed financially to her household income providing her husband and two children with a better life and economic opportunities to get ahead.

In her workshop, Blanca is known for good quality products and this has helped to garner a large number of clients with large orders. A new client has asked her to add a new machine to her workshop so that she can make clothes that require special stitching. This is why Blanca is requesting a loan to buy a double needle straight stitch sewing machine - to make clothes that require special manufacturing and thus continue expanding her business.

By moving ahead with the order, she can generate more income for her home and have the opportunity to employ one more person in the future - helping to improve other people's lives.

Blanca is known for her immense charisma and it is this quality that has allowed her to get past adversity and provide her family with a better quality of life with access to education for her two children as well.
View original language description ↓
Blanca tiene un taller de confección en el cual actualmente puede generar empleo y así mejorarles la condición de vida a muchas personas, además de que con este negocio contribuye económicamente en los ingresos de su hogar y de esta manera puede brindar a su esposo y sus 2 hijos una mejor calidad de vida y mayores oportunidades económicas para progresar. En su taller, Blanca es reconocida por la buena calidad de los productos que ofrece, y gracias a esto ha logrado captar una gran cantidad de clientes que le hacen grandes pedidos; precisamente un cliente viene pidiendo a Blanca que incorpore en su taller una nueva máquina con la cual le pueda confeccionar algunas prendas que requieren de especial fabricación, y es por esto que Blanca busca que un préstamo le permita comprar una máquina plana de dos agujas para poder confeccionar prendas que requieren de una especial fabricación y así seguir creciendo en su taller.
De esta manera además de que podrá generar mayores ingresos para su hogar, tendrá la oportunidad de en un futuro genera empleo para una persona más, de modo que así seguirá aportando para mejorar la condición de vida de distintas personas. A Blanca se le reconoce por su gran carisma y es esta cualidad la que le ha permitido salir adelante por encima de sus adversidades, y es esto lo que la impulsa a que en su familia tengan la posibilidad de tener una mejor calidad de vida y sus 2 hijos el acceso a una educación de mejor calidad.

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
  • 486
    View loans »
    Colombia Loans Fundraising
  • $14,958,950
    Funds lent in using Kiva
  • 1,760.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,725 helped Blanca Rubiela buy a double needle straight stitch sewing machine to make clothes that require special manufacturing and will help to expand her business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 11, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
May 22, 2014