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Gladis De Maria
Gladis has 15 years’ experience in sewing and has had a workshop in her home for the past two years. She works all day and creates three jobs for people who really need them through her workshop. She learned this activity from her mother, who taught her when she was very young. The advantage she has is that she knows the business and her production quality is very good, which has allowed her to increase her number of customers and this has translated into large orders. Because she doesn’t have the necessary capability to meet all of her customers’ production needs, Gladis need a loan to buy an overlock sewing machine to increase her production capacity.

Her greatest desire is to get ahead with her workshop and be able to have better financial opportunities to move ahead with her husband and three children.
View original language description ↓
Gladis cuenta con una experiencia de 15 años en la actividad de la confección, tiene su taller de confección a terceros en su casa desde hace 2 años. Trabaja durante todo el día y con su taller genera 3 empleos para personas con muchas necesidades. Esta actividad la aprendió de su madre quien le enseñó desde muy pequeña. La ventaja es que ya tiene reconocimiento en el sector y la producción es muy buena, lo que le ha permitido cada vez conseguir más clientes para su negocio y también se ha transformado en grandes pedidos. Debido a que en la actualidad su capacidad de producción no alcanza para satisfacer a todos sus clientes, Gladis requiere de un préstamo para comprar una máquina plana y una fileteadora para aumentar la capacidad de producción de su negocio.

Su mayor anhelo es salir adelante con su taller de confección y poder tener en su hogar unas mejores oportunidades económicas para progresar junto a su esposo y sus 3 hijos.

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
  • 275
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,776.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Gladis De Maria to buy a new sewing machine.
100% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Aug 1, 2012
Currency Exchange Loss:
Covered
Ended:
Nov 18, 2013