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Gloria Emilsen
Gloria is married and has 2 children for whom she has always wanted to provide a good quality of life. Since her husband's salary is not sufficient to support all of the household expenses, she decided to learn how to sew and set up her own dressmaking workshop. This way she could generate income to make a financial contribution to the household so that her family could have a better quality of life. Four years ago, she learned this trade when she took a course from a state entity called SENA. Thanks to this training, she was able to get the knowledge she needed to start up her own dressmaking business. In her workshop she has some sewing machines with which she does her work, but as she lacks a machine to do the finishing work on the garments, she must pay high prices to a third party to do this work. For this reason she is now seeking a loan that will allow her to buy a serging machine that can do the finishing work on her garments; this way she can save on production costs. This will increase her profit margin, and in this way increase the earnings that she can bring home. Gloria dreams of making progress with her dressmaking workshop, of providing work for those who need it the most, and of providing her family with a good quality of life and better opportunities for economic progress.
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Gloria se encuentra casada y tiene 2 hijos a quienes siempre les ha querido brindar una buena calidad de vida, es por esto que como el salario de su esposo no es suficiente para poder sostener todos los gastos que se generan en su hogar, decidió aprender y montar su propio taller de confección con el cual pueda generar ingresos con los que contribuya económicamente a los gastos de su hogar y así poder tener una mejor calidad de vida en su familia. Aprendió hace 4 años cuando hizo un curso en una entidad del estado llamada SENA y gracias a esto logró adquirir los conocimientos necesarios para el montaje de su taller de confección. En su taller tiene unas máquinas con las cuales realiza su trabajo, pero debido a que no cuenta con una máquina indispensable para culminar la elaboración de las prendas, debe pagar altos precios a un tercero para que le realice este trabajo; es por esto que ahora busca que un préstamo le brinde la posibilidad de acceder a la compra de una máquina fileteadora con la cual pueda culminar la elaboración de sus prendas y así pueda ahorrarse los altos costos de la producción, aumentando su margen de ganancias y así generando mayores ingresos para su hogar.
Gloria sueña con sacar su taller adelante, brindar empleo para los más necesitados y brindar en su familia una buena calidad de vida y mejores oportunidades económicas para 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

  • $11,100
    Average annual income
  • 355
    View loans »
    Colombia Loans Fundraising
  • $15,654,750
    Funds lent in using Kiva
  • 1,755.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Gloria Emilsen to buy a serging (specialized sewing) machine.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Apr 16, 2012
Jun 1, 2012
Currency Exchange Loss:
Dec 19, 2013