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Isabel
Isabel has been a tailor for many years. Thanks to this she has been able to provide a good life for her son. She is the head of her household, and her sole source of income is her work as a tailor. Thanks to the high quality of her work, Isabel has very good contracts with her customers. Further, she has her own clothing line which she sells in her area. She currently has large orders she needs to fulfill, she is seeking a loan that will allow her to buy cloth and thread to fulfill these orders.

In this way her business will keep growing and thus allow her to make the income necessary to continue to keep up with her household expenses. Further, she dreams of opening a larger tailoring business where she will be able to create jobs for people who are in greater need and thus help others prosper.
View original language description ↓
Isabel se ha dedicado gran parte de su vida a la actividad de la confección, y gracias a esta actividad logró sacar adelante a su hijo ya que era madre cabeza de familia y no tenía más ingresos que su actividad ofreciendo el servicio de confección a terceros. Gracias a la buena calidad de sus trabajos Isabel tiene muy buenos contratos para confeccionar a terceros, además de que también saca una línea de confección propia la cual vende en su municipio. Debido a que tiene grandes pedidos por confeccionar, Isabel busca que un préstamo le permita comprar telas e hilos para confeccionar grandes pedidos que tiene por parte de sus clientes.

De esta manera su negocio seguirá saliendo adelante y así podrá seguir generando ingresos con los cuales pueda seguir sosteniendo los gastos de su hogar. Además, sueña con tener un gran taller de confección donde pueda generar empleo para las personas más necesitadas y así ayudar a prosperar a otros.

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

  • $6,070
    Average annual income
  • 276
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,765.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Isabel to buy cloth and thread to fulfill large orders from her customers.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 16, 2012