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Cindy
Cindy is a 20-year-old entrepreneur who is highly motivated to provide a better life for her 2-year-old daughter and also contribute economically in her household. She decided to launch her own business making footwear. She learned the trade from her father, who has been in this line of work for many years. Thanks to this experience, she has has built her business to a point where she has large orders from her customers. This has in turn enabled her to improve her family's quality of life and has brought opportunities to make further progress.

During the three years she has had her business, her biggest challenge has been the lack of working capital to be able to grow her business. Since she now has a large number of customers and plenty of orders from them, Cindy is seeking a loan so she can buy a dual-needle sewing machine to increase her productivity.

In this way she will be able to fulfill her customers' orders and thus increase her income considerably. This will allow her to provide her parents with a better quality of life and to provide her 2-year-old daughter with everything she needs. Her greatest dream is to continue making economic progress and to be able to provide a quality education for her daughter. Furthermore, she also dreams of having her own house so that she can provide a more stable home for her daughter.
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Cindy es una joven emprendedora de 20 años de edad que con el ánimo de sacar adelante su hija de 2 años y también contribuir económicamente en su hogar, decidió montar su propio negocio de confección de calzado. La actividad la aprendió de su padre que se dedica a esta actividad desde hace un largo tiempo, y gracias a la experiencia que tiene ha logrado tener grandes pedidos por parte de sus clientes que le permiten tener un gran negocio el cual les permite tener en su hogar una buena calidad de vida y mejores oportunidades económicas para salir adelante. Desde hace 3 años que tiene el negocio su mayor dificultad ha sido la falta de capital para salir adelante y hacer crecer su negocio, por esto ahora que tiene una gran cantidad de clientes y bastantes pedidos por parte de estos, Cindy busca un préstamo para comprar una máquina plana de doble aguja para realizar sus trabajos con una mejor calidad.

De esta manera podrá brindar el servicio que sus clientes han estado esperando y así sus ingresos aumentarán considerablemente, permitiendo brindar a sus padres una mejor calidad de vida y a su hija de 2 años todo lo que necesita. Su mayor sueño es salir adelante y en un futuro poder ofrecer a su hija una educación de buena calidad. Además, también sueña teniendo su propia casa y así brindar un hogar más estable a su hija.

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
  • 246
    View loans »
    Colombia Loans Fundraising
  • $13,361,775
    Funds lent in using Kiva
  • 1,807.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Cindy to buy a dual-needle sewing machine to increase her productivity.
100% repaid
Repayment Term
17 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 15, 2012
Listed
Jul 9, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2013